The rate of relief will increase for large and small companies. SMEs will get
a rate of relief of 175%, while large companies will get 130%.
These will be complicated by changes to the headline corporate tax rates for
both small and large companies, but advisers welcomed the moves.
HM Revenue & Customs has been trying to promote the credits amidst fears
that many SMEs were not claiming them due to complexity, having set up
specialist science units to rule on claims and to market the credits too in due
‘The question now is whether they should have specialist units for large
companies as well as SMEs, dealing with all of the claims,’ said David Cobb, an
R&D specialist at Deloitte.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.