2011 review: SMEs

While 2011 was a calmer year for SMEs there were highs and lows for such companies confronting a stalling UK economic recovery. Some might say the highs were not particularly generous. However in this time of austerity welcome relief has been directed towards SMEs in the hope that they can kick start the economy at a quicker pace than more established larger companies.

1. R&D: removal of IP condition/increase in uplift to 100%

The first change was implemented following the general election in F(No 3)A 2010 with effect for expenditure incurred in accounting periods ending on or after 9 December 2009. Until this amendment in order for an SME to claim R&D...