CIRD127000 - R&D Tax Reliefs: reformed reliefs: ERIS: rates
SME rates (accounting periods beginning before 1 April 2024):
|
Expenditure incurred on or after |
Additional deduction |
Enhanced expenditure |
Payable tax credit |
|
1 April 2000 |
50% |
150% |
16% |
|
1 August 2008 |
75% |
175% |
14% |
|
1 April 2011 |
100% |
200% |
12.5% |
|
1 April 2012 |
125% |
225% |
11% |
|
1 April 2014 |
125% |
225% |
14.5% |
|
1 April 2015 |
130% |
230% |
14.5% |
|
1 April 2023 |
86% |
186% |
10% (14.5% for R&D intensive SMEs – see CIRD123000) |
ERIS rates (accounting periods beginning on or after 1 April 2024 only):
|
Expenditure incurred on or after |
Additional deduction |
Enhanced expenditure |
Payable tax credit |
|
Pre-1 April 2023 |
See SME rate table above |
See SME rate table above |
14.5% |
|
1 April 2023 |
86% |
186% |
14.5% |
R&D intensity thresholds :
|
Accounting periods beginning on or after |
Expenditure incurred on or after |
Intensity threshold |
Applicable scheme |
|
1 April 2023 |
1 April 2023 |
40% |
SME |
|
1 April 2024 |
1 April 2023 |
30% |
ERIS |