Accredited official statistics: Corporate tax: Research and Development Tax Credits
Key takeaway
R&D Tax Credits reduce the effective tax burden on qualifying UK companies, boosting after-tax returns on innovation spend.
- Step 1 · The triggerR&D Tax Credits lower the effective tax burden on qualifying R&D spend for UK companies
- Step 2 · Knock-onthe after-tax return on innovation investment rises, increasing the volume of R&D projects undertaken by eligible SMEs
- Step 3 · Reaches youSMEs without qualifying R&D, or unable to evidence claims, do not benefit and may face higher compliance costs
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: HM Revenue & Customs
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