Research & Development Tax Relief
Research & Development (R&D) Tax Relief is an incentive from the UK Government designed to encourage companies to invest in R&D. R&D exists in every sector – the scope for identifying R&D is broad and you may not be aware that you are in fact carrying out R&D.
This is where our experience and expertise can help you claim a generous corporation tax deduction or a cash refund from HMRC. More specifically, we can help your company to take an extra 130% deduction of its qualifying costs, in addition to the normal 100% deduction from the yearly profit.
The Government scheme has been around since 2000 but eligible claims are often overlooked because business owners over-estimate the level of innovation required to claim.
Click here to find out more about projects that count as R&D, and the available types of relief – or simply contact our Tax Team (01642 606003, ) for us to assess your eligibility and claim on your behalf.