Andrew James - PKF Francis Clark - Tech Connect Lightning Talk, Software Cornwall
summary
Explains how UK R&D tax relief actually works for companies not sole traders: SME relief gives an extra deduction on qualifying spend so a £10k project effectively attracts an extra £13k deduction and an option for a repayable tax credit (transcript cites about 40% repay value), while large firms use RDEC. Claims qualifying requires technological uncertainty, documented problem/solution and staff costs, pensions and grants affect claims, and claims can go back two years.
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