Research and Development (R&D) Tax Relief are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure.
The R&D tax credit scheme is a HMRC incentive designed to encourage innovation and increased spending on R&D activities by companies operating in the UK. The Government has expressed its desire to make the UK the most attractive place to start and invest in innovative companies and as a result the incentives for companies to innovate have continued to improve.
We work with companies of all sizes and from every sector to raise their awareness of this area of taxation — and help them claim back the tax relief they are due for their R&D activity.
we will assess the viability of your claim and prepare it in a way that gives you the greatest chance of success. We can also advise on issues like improving record keeping, so that you can better track activities involved in your R&D and the costs involved, so that all eligible expenditure is claimed for.
We will also build your R&D into your business planning so that you can use the tax as part of an ongoing strategy to grow your business.