What are Research and Development (R&D) tax credits?
To encourage innovation within UK businesses, HMRC allows companies to claim back the cost of research and development. If your company is attempting to develop new, or enhance existing, products and services, you might qualify.
How do I claim R&D tax credits?
You can claim tax relief for eligible research and development activities by including the expenditure in your Company Tax Return. You’ll then either receive a reduction in your Corporation Tax bill, or a cash payment from HMRC.
Read our beginner’s guide to R&D tax credits, or learn more about our online accounting services for limited companies.