The government has developed an incentive programme called R&D tax credits in order to assist firms in the UK in expanding and developing as well as to promote ongoing innovation. It allows up to 33.35% of a company’s R&D spend to be recovered either as a reduction in Corporation Tax or a in form of a cash repayment.

In short, the R&D Credits makes sure that the portion of money spent on research and development work may be recovered back which in turn helps in growth of company.

If you need to know whether your firm is eligible to claim the R&D credits ,our R&D experts are available for a free consultation to determine your eligibility and to provide you with guidance on whether you might be able to submit a claim to HMRC for research and development tax credits.