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Research and Development (R&D) Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. ==History== The scheme was introduced in 2000 for small and medium enterprises (SMEs), with a separate scheme for large companies launched in 2002 (see R&D Expenditure Credit or Above the Line R&D Tax Relief). Any company carrying out R&D is likely to qualify for the relief. The definitions of eligible R&D and eligible costs are reasonably broad, and eligible R&D activities often take place across the whole range of company operations. Many other countries worldwide (e.g. Canada,〔Scientific Research and Experimental Development Tax Credit Program〕 France, the USA〔Research & Experimentation Tax Credit〕) already operated schemes to promote corporate R&D investment by the time the UK scheme commenced. The UK government wanted to increase the UK R&D base by helping to reduce the cost of corporate R&D and thereby encourage companies to invest in R&D. In turn, this would increase innovation and wealth creation in the economy. There are two main types of R&D incentive structure: volume-based, where the credit is based on the absolute volume of R&D expenditure; and incremental-based, where the credit is driven by the increase in R&D spending over a base figure. The UK scheme is volume-based because the incremental approach provides limited or no encouragement to businesses whose R&D spending fluctuates or remains at a steady level (for instance in times of macro-economic volatility). 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 Tax Credit」の詳細全文を読む スポンサード リンク
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