Corporation Tax relief for costs on research and development (R&D) enables Small or medium-sized enterprise (SME) to:
- deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
- claim a tax credit if the company is loss making, worth up to 14.5% of the surrenderable loss
Find out more about corporation tax relief from HM Revenue & Customs
