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UK Autumn Budget 2017: Corporation Tax

Business Tax - 22 Nov 2017

Research and Development (R&D) expenditure - credit rate increase

From 1 January 2018, the government will increase the rate of the R&D expenditure credit from 11% to 12%, in order to support business investment in a wide range of qualifying R&D related activities.

HMRC have publicly reported that this is an underclaimed tax relief so please contact your Frank Hirth advisor for further details on making a claim.


Corporate Capital Gains - indexation allowance

In order to align chargeable disposals by corporate entities with those made on a personal level, the government will legislate to freeze indexation allowance on corporate Capital Gains for disposals on and after 1 January 2018. The allowance for subsequent disposals will be frozen at the amount that would be due based on the Retail Price Index for December 2017.


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In this Autumn Budget Philip Hammond’s key focus was the future; from investing in technology in both industry and schools, continued commitment to invest in driverless and electric vehicles and building houses to revive the home owning dream.

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