Engineering & Manufacturing
IT & Software
Food & Drink Manufacturing
How does RDEC differ from the current large company scheme?
There are no changes to qualifying activity or the calculation process. The change is in the way the benefit is discharged. Once RDEC has been claimed for the first time, the company has opted into the scheme going forward.
What is the benefit of RDEC?
Large companies that are profit making can reduce the corporation tax liability. Large companies not making a loss can either claim a cash payment or a reduction of tax or other duties due in that or future years.