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RESEARCH AND DEVELOPMENT FOR 2017/2018

8th March 2017 BUDGET PROPOSALS
AND CHANGES FOR 2017/2018 previously announced
(Subject to details in the Finance Bill)
Ellis Atkins have taken all due care in the presentation of these notes. No responsibility for loss occasioned to any person or company acting or refraining from action as a result of any material in these notes can be accepted by Ellis Atkins, its partners or staff. Please contact us or your own professional advisor for advice specific to your circumstances.

From April 2017 Small and Medium Sized Enterprises (SME) can claim Research and Development Tax Credits equivalent to an additional deduction of 130%. Non SMEs can only claim a research and expenditure credit. Qualifying expenditure will be restricted so that the costs of materials incorporated in products that are sold are not eligible for relief.