What is the current RDEC rate?
RDEC rate from 1st April 2023, the Research and Development Expenditure Credit (RDEC) rate increased from 13% to 20%. This allows businesses to claim back up to 20p for every £1 spent on qualifying R&D activities. For accounting periods spanning this date, the rate must be applied pro-rata. Always check for the most up to date rates and guidelines when making an RDEC claim.
| Time Period | RDEC Rate |
|---|---|
| Before 1st April 2023 | 13% |
| From 1st April 2023 onwards | 20% |
RDEC rate key details:
- Increased Rate: 20% for qualifying R&D expenditure after April 2023.
- Pro-rata Application: Applies if the accounting period spans before and after 1st April 2023.
- Eligibility: Applies to businesses conducting research and development activities.
