The Budget announced some significant and beneficial changes to R&D Tax Credits:-
– The rate of credit available has been significantly increased
-More companies will be able to access credits as the lower spending threshold is removed
However, what is also important for innovative companies is the new “Patent Box”
This is a 10% rate of tax for companies after April 2013 on patents that are brought into use now
For more information call Eaves & Co Leeds, on 0113 2443502

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