R&D investment grows to £23.7bn

Businesses spent £23.7 billion on research and development (R&D) in 2017, according to the latest data from the Office for National Statistics (ONS). This was an increase of £1.1bn, or 4.9%, compared to statistics for 2016. Pharmaceuticals had the highest level of...

AIA rise ‘may bring only complexity’ for SMEs

Increasing the annual investment allowance (AIA) to £1 million will not help most small businesses, and may even be harmful for them, the Association of Taxation Technicians (ATT) has said. In Budget 2018, the AIA was temporarily increased from £200,000 to £1m over...