R&D tax credits
Research and Development (R&D) Tax Credits is a UK government initiative designed to encourage and reward businesses for investing in innovation. The scheme is surprisingly far reaching, so your business may be eligible for a claim, and there's no harm asking since we'll do a FREE initial evaluation to see if you qualify. Here are the key points about how the scheme works:
- If your business has invested in new products, processes or services you could be eligible for a tax reduction, regardless of your industry sector
- The R&D Tax Credits scheme allows you to recover 33p for every £1 spent – that's a great deal!
- It's not just physical purchases that qualify; you could claim for employees' wages or subscontactor pay
- If you're not a profit-making business you can claim a cash repayment for your qualifying R&D costs
- We'll handle all the forms and supporting documentation for you, and we'll liaise with HMRC if your claim is not automatically approved
Contact us to find out if you're eligible for an R&D Tax Credit.