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Rates & Allowances 2018/2019: Research & Development Tax Credits

2015/16 2016/17 2017/18 2018/19 Note
SME enhanced deduction scheme 130% 130% 130% 130% A
SME cash credit for R&D loss surrendered 14.5% 14.5% 14.5% 14.5% B
Large company enhanced deduction scheme 30% N/A N/A N/A A
Large company above the line scheme credit (RDEC) 11% 11% 11% 11% B

A – Additional (enhanced) tax deduction available for qualifying R&D expenditure. From 1 April 2016, the only scheme available to large companies is RDEC.

B – Taxable credit available on qualifying R&D expenditure.

Please contact Tax Manager Craig Tolliday for further information.