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The Research and Development Expenditure Credit (RDEC), introduced in 2013, is a UK tax incentive designed to encourage large companies to invest in R&D in the UK. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. The initiative builds on the existing R&D Tax Credit scheme which has been in operation for large companies since 2002 and is one of a number of technology tax relief schemes introduced by successive UK Governments. Originally referred to as to as "Above the Line R&D Tax Relief", because the payable credit for large companies is now shown above the tax line and can effectively be accounted for as income in the profit and loss statement, RDEC is now the common terminology used for the scheme. ==History== R&D tax relief is designed to incentivise investment in R&D. The scheme was introduced in 2000 for small and medium enterprises, with a separate scheme for large companies launched in 2002. Any company carrying out R&D is likely to qualify for the relief. The definitions of eligible R&D and costs are reasonably broad, and eligible R&D can be found in completely unexpected areas. Large companies could previously only offset the credit against corporation tax liabilities. This meant large businesses running R&D cost centres in the UK, but with profit centres outside the UK, were unable to benefit from the relief. It also meant the credit was largely invisible to R&D decision-makers because it was embedded in the tax computation. As a result of lobbying from industry, the government launched a consultation in the 2012 Budget on changes to the Large Company R&D Tax Relief scheme. In the March 2013 Budget, the Chancellor of the Exchequer confirmed the new R&D Expenditure Credit for large companies with a payable rate of 10 per cent for R&D expenditure incurred after 1 April 2013 (an increase on the original proposal of a 9.1 per cent payable credit). This credit is designed to make R&D relief more visible to those making R&D budgeting and investment decisions. It should also provide better cash flow for companies with no corporation tax liability, and thus should promote the UK as the preferred location for multi-national corporations deciding where to site their R&D operations. It will also help to improve corporate earnings because it now appears above the tax line. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Research and Development Expenditure Credit」の詳細全文を読む スポンサード リンク
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