Who can benefit from R&D Relief
SMEs (According to R&D Tax Relief purposes, an SME has double thresholds respect to the standard European Commission definition):
– Less than 500 employees
– Either annual Turnover < €100 million OR total Balance Sheet < €86 million
– All entities within a group are included when calculating the threshold
– Any incorporated company conducting innovation, regardless of its sector of activity.
What are the advantages?
Profit making:
Enhanced deduction of 230% of eligible R&;D expenditure from a company’s taxable income. Effective cost reduction of 24.7% after applying the corporate tax rate.
Loss making:
Carrying the losses generated forward to offset against a future tax liability Surrendering the losses for a payable tax credit at a rate of 14.5% resulting in the company receiving a cash credit equivalent of 33.5% of what was spent on R&D Eligibility.
Sectors we help:
– Automotive and Transportation
– Banking and Insurance
– Digital Enterprises
– Energy & Environmental
– Healthcare and Pharmaceutical
– Material and Plasturgy
– Humanities and Social Science
– Video Games
R&D Eligible Expenditure for SME’s
– Staff Costs
– Subcontractor costs
– Externally Provided Workers
– Consumable Costs
– Software Costs
Be Part Of The Change
For more information email: info@thechange.vc an agent of change will get back to you.
