Paul Dowling 2008General Presentation
•How it works
–Defined R&D costs are enhanced to increase taxablecosts and reduce profits or create losses. –This data is contained only on the CT600 tax return andhas no effect on the filing information available to othersthrough Company’s House. –Current level of enhancement, 75% for SME’s and 50%for large companies. –Tax credits available at 16% of generated surrenderabletax losses, SME’s scheme only.