7 Incentives to Locate or Expand Your Business in the UKMay 10, 2013 Posted by: Scott Petruska, CFA
The UK is one of the countries at the top of the list for companies looking to expand beyond the United States – and provides a host of incentives for direct foreign investment. The only foreign investment restrictions apply to investors from outside the European Union (EU) in television and radio broadcasting, in airlines and from outside the UK in flag shipping vessels. Here's a quick look at seven of these incentives – and you can learn more about the UK business climate and key expansion considerations by downloading our free "Guide to Business and Banking – UK".
The UK government provides a research and development (R&D) tax credit (225 percent tax relief) on expenditure in excess of GBP 10,000 incurred by small and medium-sized enterprises (SMEs) involved in R&D activity. SMEs must have fewer than 500 employees and either a turnover below EUR 100 million or an annual balance sheet below EUR 86 million. An R&D tax credit (130 percent tax relief) is also provided to large companies involved in R&D activity. R&D project tax credits have an upper limit of GBP 75 million. Tax credit applications can be sent alongside corporate tax...Read More