R&D Tax Credits

The Government wants to incentivise businesses to undertake research to improve processes, procedures, and productivity.

Tax Credits give your business cash to achieve this, so you can invest in your next phase of growth whilst staying ahead of your competition.

Spending money on research and innovation makes you eligible to claim tax relief on this spend. This tax relief can be taken as either a cash payment and/ or a reduction in your Corporation Tax.

There is a wide spectrum of activity that can count as R&D, in virtually all sectors, so it’s a benefit well worth applying for. For first-time claimants, the tax relief will usually cover for your last two completed accounting periods.