The following commentary has been updated for legislation included in Finance Bill 2020 as introduced on 19 March 2020. This legislation is yet to be enacted and is subject to change.

The amount of credit to which the company is entitled for an accounting period is equal to a percentage of the company's qualifying expenditure, as set out below:

Expenditure incurred on or after


1 April 2020


1 January 2018


1 April 2015


1 April 2013


Example: Accounting period straddles 1 April 2020

Straddlez Ltd makes up its accounts to 31 May. It’s RDEC for the year ended 31 May 2020 is calculated as set out below:


Rate of RDEC

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