OrbitaxUK HMRC Updates Guidance on Research and Development Tax Relief for SMEs and the R&D Expenditure Credit
|Approved Changes|United Kingdom
On 5 August 2022, UK HMRC published updated guidance on Research and Development tax relief for small and medium-sized enterprises and the Claim Research and Development (R&D) expenditure credit.
Research and Development tax relief for small and medium-sized enterprises
The SME tax relief allows companies to deduct an extra 130% of their qualifying costs from their yearly profit to make…
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