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Specialist Advice

R&D Tax Credits

Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation.

However, not every company is entitled to it and to claim the relief you need to show how your project meets the HMRC definition of R&D.

This is where we come in, assess your project and advise on eligibility and how much you can claim.

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Frequently Asked Questions

R&D tax credits can provide a 130% uplifting on qualifying costs and are considered one of the biggest forms of tax relief available to SMEs.

The tax relief is aimed at businesses that can solve problems – you will need to consider if you are making ‘appreciable improvements’ or overcoming technological/scientific uncertainties.

If you’re improving processes, bringing new products and services to market, increasing efficiencies or solving problems for customers, there’s a strong chance you could be eligible for the relief.

 

HMRC aim to payout funds for research and development tax credit applications within 28 days after they've been submitted.

However, it can take longer than this; we will keep you up to date through the whole process.

Yes, you can. R&D claims can be made retrospectively for any R&D activity carried out in the last 2 years.

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