R&D Tax Credits
Have you ever considered the availability of R&D tax credits within your business? If you have an eligible activity, related costs can be enhanced to significantly decrease your corporation tax bill, or in the case of loss making companies, receive a cash rebate of up to 33.5% of your qualifying costs. Eligible activities are those where a technological/scientific advance has been made through your company’s spending on innovation. Annually, around £4.5bn of tax relief is claimed in this way in the UK.
Dragon Argent have a full offering on R&D, whether that just be for ad hoc advice with preparing your own claim, or a complete package pulling together the entire claim from eligible costs and preparing a narrative to support the claim. We can tailor our service to your requirements dependent on the size of the claim. Please do let us know if you would like our help with this or if you would like an assessment of if your business may be eligible.