R&D Tax credits – How the new “above the line” scheme will work – An update

Published by Kingly Brookes LLP

John Moore of Kingly Brookes LLP brings us up to date on the latest change to the way the R&D tax relief schemes will operate.

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.

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.

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