Research & Development (R&D) Tax Credits
Transform your business by:
Investing in Innovation → Receiving R&D Tax Credit → Re-investing in Innovation → Growing your Business → Receiving a larger R&D Tax Credit
R&D tax credits are a government incentive designed to reward UK companies for investing in innovation. We can help you transform your business as they are a valuable source of cash for you to invest in accelerating your R&D, hiring new staff and ultimately growing.
If your business spends money developing new products, processes or services; or simply enhancing current ones, you are eligible for R&D tax relief. If you are spending money on your innovation, you can make an R&D tax credit claim to receive a cash payment and/or Corporation Tax reduction. R&D exists in any sector and we can help you identify your tax relief. Also, if you are making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.
To benefit from R&D tax incentives, you must:
- Be a limited company in the UK that is subject to Corporation Tax
- Have carried out qualifying research and development activities
- Have spent money on these projects
If you have answered yes to all the above, we can help and advise you further about your eligibility for R&D tax credits, or how much they might be worth to your business.
Please contact us on 01275 872592 or firstname.lastname@example.org to arrange a free initial consultation with one of our specialists.