R&D Tax Relief mentioned in the Queen’s Christmas Day Speech
Statistics show that Research and Development is vital to a productive economy – for every £1 of public expenditure on R&D the return is around £7 in broader economic terms.
Firms that invest in R&D have around 13% higher productivity than those firms that do not invest.
It was therefore great to hear the Queen on Christmas Day state “My government will increase tax credits for research and development …… and will unveil plans to help accelerate our ambition to reach 2.4 per cent of GDP spent on R&D by 2027”
If you want to know whether your business is eligible for the current 230% R&D Tax Relief and what expenditure is eligible, come along to our first event this year to be held at the Stone House Hotel on 6 February 2020.