R&D Tax Relief - Is your company entitled to claim?
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Do you employ scientists, engineers, software developers or technicians?
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Have you developed a new or appreciably improved product or process?
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Have you developed software in-house?
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Are you a Small or Medium-sized Enterprise (SME) that has subcontracted out any of the above?
If the answer to any of these questions is ‘yes’, and you are a UK Corporation Tax payer then you could be eligible to claim R&D tax relief.
The benefit can be a cash credit to your business that is worth as much as 30% of your company's expenditure on Research and Development. In short, if you employ only 4 engineers or software developers performing eligible work at £30,000 each, under the UK R&D Tax Credit scheme you could be entitled to a cheque from HMRC for £36,000 each year.
Confused about what work qualifies? Watch our video guide
For further information on how we can help you claim your maximum, call now on 020 3004 9243 or contact us electronically for more information.