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News - 15 August 2008
SMEs to claim £80 million in tax credits
The Government has allocated an extra £80 million in tax windfalls to help support research and development in small businesses.
The additional tax relief will bring the total allocation to £300 million for small businesses to develop new and innovative products.
SMEs investing in research and development will be able to claim tax credit on 175% of their investment in future, an increase of 25% on the previous allowance.
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