Tax Relief quiz

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  • Created by: TBATCPH2
  • Created on: 14-03-20 17:32

1. SME R&D relief allows companies to

  • claim a tax credit if the company is loss making, worth up to 14.5% of the surrenderable loss
  • claim a tax credit if the company is loss making, worth up to 16.5% of the surrenderable loss
  • claim a tax credit if the company is loss making, worth up to 14.5% of the surrenderable gain
  • claim a tax credit if the company is loss making, worth up to 16.5% of the surrenderable gain
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2. Your project must show that a professional.....

  • In the in the related field could not have easily have worked out you advance
  • Not the in the related field could have easily have worked out you advance
  • Not the in the related field could not have easily have worked out you advance
  • In the in the related field could have easily have worked out you advance

3. Research and Development Expenditure Credit (RDEC) is for what size companies

  • Large companies or SMESs who’ve been subcontracted to do R&D work by a large company.
  • Small companies only
  • Companies with less than 500 staff only
  • Large companies only

4. For SME Relief you have a partner company if

  • another company holds over 25% of your voting rights or capital
  • another company holds less than 25% of your voting rights or capital
  • another company holds less than 25% of your voting rights or capital
  • another company holds over 30% of your voting rights or capital

5. You can claim SME relief with less than how much turnover

  • a turnover of under 200 million euros or a balance sheet total under 75 million euros
  • a turnover of under 100 million euros or a balance sheet total under 86 million euros
  • a turnover of under 100 million euros or a balance sheet total under 40 million euros
  • a turnover of under 50 million euros or a balance sheet total under 86 million euros

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