19 September 2017
Expenditure on relevant R&D undertaken by SME consumer businesses can reduce company corporate tax bills in the UK by up to 44 pence for every £1 spent subject to certain criteria. Companies can even cash in their trading losses for a cash refund worth up to 33 pence for every £1 spent. If your consumer business is carrying on relevant R&D it may potentially take advantage of these credits. Have you considered if this is relevant to your company?
Andy is a tax director based in the London head office of RSM UK.
Partner, Head of Leisure and Hospitality
Paul is an assurance and advisory services partner in the London office and head of the firm's leisure and hospitality sector group. He acts for a number of high profile and exciting concepts operating in the UK and overseas with a particular personal interest and focus on the London eating and drinking-out scene.