SME’s are now able to generate a cash injection from the Government of up to 30% of their qualifying development spend, delivered via a refund of Corporation Tax; a mechanism known as R&D Tax Relief. This rate will reduce to 28% after 1 April 2013, when the main rate of corporation tax reduces to 23%. Slightly reduced rates are available in the form of cash R&D Tax Credits for loss-making companies, but these are still significant cash results for companies in a loss-making position.
Large companies can now utilise ‘R&D Expenditure Credits’ to generate a taxable above-the-line credit of 9.1% of their qualifying development spend. Payable even in a loss-making position.
At LinkStep, our approach is to utilise a highly-skilled multi-disciplinary team that combines the specialisms of separate technology and financial analysts – an approach that is vital to submitting a valid and fully-optimised R&D claim.
LinkStep is structured to be able to help and be accessible to any business, regardless of its size – large, medium, small or micro.
We are offering ‘Big Four’ thinking, expertise, integrity, confidence and service, but with greater flexibility and at an affordable rate. This means that both SME and large companies can enjoy a full and dedicated service tailored to meet their requirements.