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Help with Research & Development Tax Relief
20 April 2017

Research and Development (R&D) Relief is a Corporation Tax relief that may reduce your company’s tax bill by more than your actual expenditure on allowable R&D costs. An enhancement of up to 130% over and above the amount spent is available.

The government has extended the Research and Development tax relief incentives over recent years in the hope that it will put the UK in a strong position to benefit from hi-tech industries.

The tax relief is encouraging the British spirit of innovation as figures have shown an increase of a third in the number of companies taking up tax relief on R&D.

Tax credits on R&D were introduced more than a decade ago to encourage research and innovation in British industry and keep us ahead of the world.

The continued strong uptake of the R&D tax credit is good news, as it supports companies seeking to bring new products and services to market which can only be positive for our economy.

Perceptions have been changing and many SME’s are realising that R&D tax relief is not just for the manufacturing or technical sectors. The tax relief can apply to many other sectors that are developing innovative processes or products or resolving technological difficulties or uncertainties.

Talk to us today and see how the relief could apply to the work your business is doing.


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