Is my business eligible for R&D tax credits?

What is R&D tax credit and does your business qualify?

Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief. If you're spending money on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction.

To benefit from R&D tax incentives, you must:

  1. Be a limited company in the UK that is subject to Corporation Tax.

  2. Have carried out qualifying research and development activities and spent money on these projects.

  3. R&D can take place in any sector. It occurs in everything from cheese-making to chemical engineering, manufacturing, and construction to renewables. If you are developing a product which is new to the market, it is very likely you could qualify.

The average UK SME R&D claim is worth £32,409* so don't miss out on the chance for a valuable cash injection for your business. Find out if your business is eligible by requesting a call back from our R&D tax credits experts.

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