What is RDEC Scheme? RDEC stands for the Research and Development Expenditure Credit which is a UK government scheme to reward innovative businesses, introduced in 2013. Where SME scheme provides R&D incentives to smaller companies, RDEC scheme renders R&D incentives (R&D Tax Credits & R&D Tax Relief) to larger companies with than 500 staff members, […]

Why is the report submitted to HMRC? HMRC initiated the two schemes of R&D claims: R&D Tax Relief and R&D Tax Credits. These schemes provide businesses working in the field of research and development with a chance to acquire R&D incentives. For R&D Tax Relief and R&D Tax Credits claim innovative businesses are required to […]