Research and development (R&D) tax credits are a government incentive designed
to reward UK companies for investing in innovation. They are a valuable source
of cash for businesses to invest in accelerating their R&D, hiring new staff and
Companies that spend money developing new products, processes or services; or
enhancing existing ones, are eligible for R&D tax relief. If you’re spending money on
your innovation or improvement, you can make an R&D tax credit claim to receive
either a cash payment and/or Corporation Tax reduction. The scope for identifying
R&D is huge – in fact, it exists in every single sector. And if you’re making a claim
for the first time, you can typically claim R&D tax relief for your last two completed
R&D can take place in any business. It occurs in everything from baking to
engineering, and construction to software development – scope for R&D exists in every sector.
FREE assessment to find out. Ask for your eligibility report now!