It might feel as though large companies get all the tax reliefs, but any additional 'reliefs' mainly arise from owning a global brand.
So what can many UK based companies do? Let's illustrate with a Case Study:
The Chancellor chose this headline, but I think Investors also get a look in.
I take this to be businesses. In fact, it's largely small to medium companies that benefit from today's announcements being the changes to AIA, SEIS and R&D.
With its tax reliefs improving over recent years, Research & Development claims should be given more attention.
For SMEs, when you spend £100 on R&D, your corporation tax is not only reduced by the £100 you've spent, but also by an additional £125, taking the total deduction against your company bill to £225.
If you're paying 20% corporation tax, you've saved additional tax of £25 (£125 @ 20%), taking total tax saved to £45 (£225 @ 20%).
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