Following the recent consultation process the Government have now released the details of how the new “Above The Line” (ATL) R&D expenditure credits will work. These latest changes to the large company scheme will affect both large companies and potentially some SMEs.
Companies claiming R&D tax relief under the large company scheme will, for the first time, have access to a repayable tax credit if they do not have corporation tax liabilities.
We have provided a more detailed commentary of the changes on our website. Please click on this link for access. R&D Tax Relief – Above the line tax credits.
Contact
Please do not hesitate to contact John Moore on 0207 292 8850 or at john.moore@kinglybrookesllp.co.uk if you would like to discuss this, or any other aspect of the R&D tax relief regime.
About Kingly Brookes
Kingly Brookes is a firm of chartered accountants based in Cambridge and London specialising in working with technology companies to optimise their claims for R&D tax relief and Patent Box relief. We combine a deep technical knowledge of the working of the two schemes
together with a practical hands on approach to claim preparation proven to optimise your claim potential and ensure certainty over your claim outcome.