How your company could benefit from the RDEC scheme

Understanding R&D Expenditure Credit (RDEC) Research and development tax credits have provided companies large and small with invaluable financial support since being introduced back in the early 2000s. By rewarding investment in R&D activities for UK companies, keeping British business at the forefront of technological and scientific innovation has been essential for the economy. Small businesses – i.e. those employing fewer than 500 members of staff, and with a turnover of less than €100m or a balance sheet total under €86m – can claim under the regular scheme, but what about larger companies? Previously, those operating above the thresholds identified for small business could claim under the imaginatively titled Large Company scheme. However, since April 2016, this particular scheme has been replaced by the R&D Expenditure Credit (RDEC) initiative to provide Corporation Tax relief on the applicable research and development work conducted.









