Budget March 2020 – RDEC to increase to 13% from 1 April 2020 & SME anti-avoidance delayed
There was a lot to take in from yesterday’s budget and the devil is always in the detail….in the form of the Budget Report. Anyway, the R&D headlines distilled for you are: As hoped, the rate of RDEC will increase from 12% to 13% from 1 April 2020 – good to see the UK competing globally when it comes to R&D regimes. The government will consult on whether expenditure on data and cloud computing should qualify for R&D tax credits
Angela Browning
12 March 2020