Research and Development Tax Credits

What are R&D Tax Credits?

In 2000, the UK Government launched the R&D Tax Credits initiative, aimed at promoting Research and Development (R&D) within the UK. Click here to see the latest HMRC Tax Credits Statistics.

This initiative enables companies of all sizes to claim back a proportion of their Corporation Tax, based on expenditure that can clearly be associated with Research and Development projects within the Business. Many companies struggle with the concept of this, having a clear view that they do not perform any R&D within the company.

This is often the perception, as many of us envisage R&D to be something of a “Blue Sky” function as opposed to what it actually is in this application. Her Majesty’s Revenue and Customs (HMRC) determine R&D to be “An advance in Science or Technology”, which can mean overcoming a technical uncertainty in a host of subject areas.

Am I eligible for R&D Tax Credits?
What are the costs for R&D Tax Credits?
Why choose us to make your claim?
What is the R&D Tax Credit claim process?
Common R&D Tax Credit claim issues
Top tips for R&D Tax Credit claim success
R&D Tax Credit claim case studies