Invest.
Innovate.
Grow.
What is R&D tax relief?
Since 2007 we have been helping our customers create the future. Sounds good right?!
We do this by accessing R&D tax relief to reduce the cost of investments in R&D, in turn stimulating more investment, more innovation and more growth. It’s a simple concept.
So what is R&D Tax Relief? Put simply, there are a number of incentive schemes that serve to reduce the cost of investment in R&D activities by reducing a company’s tax liability or providing access to cash credits. These schemes are administered through the UK corporation tax regime and collectively are referred to as ‘R&D tax relief’.
Which scheme a claim is made under depends on a number of factors, including the size of the business, whether it is profit or loss-making and which accounting period the claim relates to. The benefit of making a claim can range from 10.5% to 27% but more on this later, it’s a bit complicated.
Accessing this relief is not always easy. Care and attention are required to get it right. We can help.
Not everyone will be eligible (despite what you may have been told). We are happy to have an initial conversation with you to assess your eligibility (don’t worry, its free) and if we don’t think you have a claim, we will tell you. If you do, we will outline how we can help to see if this works for you. If it does, we can get on with it.