cryptohunter
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In the UK companies into Research and Development (R&D) can get R&D tax credits a key government move to boost innovation and tech progress. These tax credits are a big financial help, letting companies get back some of the money they spent on qualifying R&D.
For smaller companies, there's the Small and Medium-sized Enterprise (SME) scheme. It lets them claim a good chunk of their R&D costs, often up to 33.35%. This not only cuts down on their Corporation Tax but can even lead to getting cash back if the credit is more than the tax owed.
For bigger companies or those getting grants, theirs the RDEC scheme. The rate is usually a bit lower than the SME scheme, but it's still a useful benefit, adding to the overall financial support for R&D projects.
For smaller companies, there's the Small and Medium-sized Enterprise (SME) scheme. It lets them claim a good chunk of their R&D costs, often up to 33.35%. This not only cuts down on their Corporation Tax but can even lead to getting cash back if the credit is more than the tax owed.
For bigger companies or those getting grants, theirs the RDEC scheme. The rate is usually a bit lower than the SME scheme, but it's still a useful benefit, adding to the overall financial support for R&D projects.
