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FOCUS 29
FOR R&D Getting the Credit by ROHIT PATIAR, Director at KPMG
There have been changes to the R&D tax credits regime which mean that there are even greater benefi ts to be had than before.
Y
et many organisations may still not be aware of the extent to which their activities could qualify for these enhanced benefi ts. Rohit Patiar, Director at KPMG, explains the new R&D regime and what it means for consumer goods companies.
It may seem that there is rarely any good news about tax these days, but there was a signifi cant positive development last April around R&D tax credits which in my experience many companies have still not fully considered. The new regime, which came into effect for qualifying expenditure incurred from 1 April 2013, enhanced the benefi ts available in cash terms, especially for loss makers, and introduced the potential for cash credits. In my experience some consumer goods businesses do not fully appreciate the extent to which their activities could qualify.
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R&D
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