WHAT ARE R&D TAX CREDITS?
Research and Development Tax Credits is the Government’s way of promoting innovation. It’s part of the European Union’s largest funding mechanism for businesses.
From 1 April 2015, for SMEs the tax relief on allowable R&D costs is 230% meaning for each £100 of qualifying costs, the income on which your Corporation Tax is paid, is reduced by an
additional £130 on top of the £100 spent.
ARE YOU ELIGIBLE?
If you're developing new systems, processes, products, materials or devices, you may be eligible for a tax relief. It's even applicable to failed projects!
Watch the R&D video and take our free audit or contact us to find out more.
INDUSTRIES
The following industries have seen a higher probability rate of receiving R&D tax credits.​
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Automation
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Aerospace
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Finance/Insurance
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Biotechnology
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Electronics
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Energy
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Food/Drink
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IT/Software
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Manufacturing
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Mechanical Engineering
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Pharmaceuticals
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Telecommunications
OUR SERVICES
There are no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all.
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There is no charge made for submission so no surprises when it comes to your claim being filed with HM Revenue and Customs.
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All clients receive a 6-year report protection as part of this service. Please contact us for further information.
