R&D tax credits power innovation and growth for over 76,000 UK businesses.
In 2000 HMRC introduced a scheme that incentivises UK companies to invest in innovation.
Companies are able to get up to 33% of their R&D spend back, in the form of a cash payment or tax reduction.
France, Germany, USA and Canada have similar schemes.
FUND GROWTH IN YOUR BUSINESS
Over £4.4BN was paid out to SME businesses last year.
Each year, around 18,000 companies claim R&D tax relief for the first time, with average claim sizes of £57,330.
If you’re claiming for the first time, you can do so for the past 2 years of expenses.
DESIGNED FOR ALL UK BUSINESSES.
R&D is broader than you think, it can take place in any sector.
If your business is creating new products, processes or services, or improves existing products, processes or services, you could be eligible.
Our specialists will work with you to identify the relevant spend.