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Budhet 2012: Positive changes to Research & Development Tax Credit scheme reaffirm commitment to Innovation
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- 07/12/2011
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Budget 2012: Positive changes to Research & Development Tax Credit scheme reaffirm commitment to Innovation
Yesterday, Tuesday 6th December, the Minister for Finance, Michael Noonan announced a number of changes to the Research and Development (“R&D”) Tax Credit scheme as part of the 2012 Budget. Leyton welcomes the fact that the significant contribution the R&D Tax Credit scheme has made to this country’s economy and the part it will continue to play in its recovery has once again been recognised. In addition, the changes announced yesterday, targeted as they were towards the SME sector, would appear to represent the initial, tentative steps towards the development of SME specific scheme, something we have been calling for at Leyton for some time.
