Did you know there’s tax credit available from the HMRC for UK businesses who develop or improve products, software or processes for themselves or their clients?
Research and Development tax credits enable companies that incur costs in developing new products, processes or services to reduce their tax bill or claim cash credits back from HMRC.
How much might your company be eligible to claim?
Since 2000 when the scheme launched, more than £9.5 billion of relief has been claimed by SME’s…
More than 28,000 different companies have made claims under the SME scheme and the average annual claim across the UK is over £46,000.
Who is Eligible to Claim?
If your company is taking a risk by innovating, improving or developing a process, product or service, then it can qualify for R&D tax credits.
You don’t have to be a manufacturing firm and you don’t need to have a whole dedicated research team to be eligible. It’s not uncommon for us to find a Web Developer, Systems Engineer, Technical Director, Product Designer or CEO that is more involved in day-to-day R&D activity than even a dedicated R&D Manager might be.
Don’t leave money on the table or give away your hard-earned profits to the HMRC – ask us if you might be entitled to something back!
How it Works:
Our R&D Claims Process
Our experts make the whole process straightforward from initial contact to receiving your tax credit.
What does it cost?
Visit our stand at the Quantum Leap into 2021 Business Show!
