Corporation Tax Rates

Year to31.3.201931.3.2018
Corporation Tax rate19%19%
Research and development reliefFrom 1.4.2018From 1.4.2017
SME enhanced expenditure
deduction scheme*
130%130%
Large company R&D Expenditure
Credit (RDEC) scheme**
12%11%

*Additional deduction for qualifying R&D

**Taxable expenditure credit for qualifying R&D

SMEs that make losses can surrender the deduction to HMRC in exchange for a payment of 14.5% of the loss.

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