R&D tax relief was introduced by the UK government to incentivise innovation in SME UK businesses. This means that UK businesses can claim back up to £33 for every £100 spent on Research and Development. Really?! Yes really. If you have your doubts then speak to our specialist to find out more, it won’t take long, just an initial 15 minute call for them to understand your circumstances.
R&D is not just for scientists in labs, it is available to any industry, as long as your business:
- Is a limited company subject to corporation tax
- Has looked for an advance in science and tech
- Has tried to overcome uncertainty
- Used a competent professional that could not easily work out the problem.