The UK Government introduced R&D Tax Relief as a generous incentive to encourage businesses to carry out innovative research and development activity and is a way of giving them extra funds to help with the costs involved. The system also helps make the UK attractive to overseas businesses.
There are two distinct schemes, the SME (small and medium enterprises) scheme and the Large Company scheme. Details of both schemes can be found in Alliotts R&D Tax Relief factsheet.
R&D Tax Relief is under utilised by many businesses. There are many misconceptions; that it is only applicable for traditional ‘science’ led sectors; that it’s too complex and time consuming; and that it’s only for a narrow range of R&D activities. We have put together a useful summary of eight facts to make you think again. R&D Tax Relief Eight important facts.
We've worked successfully with businesses, helping to identify areas where they are eligible to make a claim and managing the complex application process on their behalf. We liaise with HMRC to ensure that clients receive the correct tax relief due to them, promptly. Leaving it to us makes the whole process hassle free and lets you get on with growing your business.
Online calculators can be misleading and no two businesses are the same, so our approach is personalised to your situation. If you would like to know if your business could be eligible to claim R&D Tax Relief please complete and return our R&D Tax Relief Factfind. We will then contact you to let you know if you could claim relief and to talk about the next steps.
For more information on R&D Tax Relief please read Alliotts R&D Tax Relief Factsheet.
To find out if your business is eligible for R&D Tax Relief please complete and return Alliotts R&D Tax Relief Factfind.
What you may not be aware of Eight important things you need to know about R&D Tax Relief.
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