Research and development tax credits
Are you missing out?
Are you one of the 90% of eligible businesses who are failing to take advantage of the Research and Development Tax Credit Scheme?
The scheme was introduced by the European Union in 2000, with the aim of encouraging companies to invest in Research and Development activities, with the key incentive being enhanced tax relief for qualifying expenditure. Further enhancements have been applied by the UK Government who are keen to promote innovation amongst UK companies.
There appears to be a common misunderstanding of what activities qualify, and uncertainty around the complexity of structuring a successful claim.
We help you to:
- Identify whether or not you qualify
- Estimate the value of your potential tax rebate
- Structure and manage your claim
- Set up the appropriate controls and processes for future claims
DID YOU KNOW?
Currently you can claim tax relief on an additional 125% of eligible R&D expenditure. For example, if you spend £10,000 on qualifying R&D, you can claim tax relief on up to £22,500!
For more information on this potentially lucrative scheme call us on 01827 60033 and ask for Dean Ackrill