Tag Archive: R&D
Everything You Need to Know About R&D Tax Relief
According to HMRC’s own published figures, R&D tax credits effectively reduce the cost of R&D by 28% for a large company and up to 44% for an SME (including their normal tax deductions). This type of tax relief helps demonstrate that R&D can be an extremely valuable tool for driving innovation in companies of all sizes across the UK…. View Article
What Projects Count as R&D?
According to HMRC, work that advances overall knowledge or capability in a field of science or technology, and projects and activities that help resolve scientific or technological uncertainties, may qualify for R&D relief. Whether a business qualifies for R&D relief is complex. Many businesses, especially smaller ones, believe that their project will not qualify. However,… View Article
What Types of R&D Relief Are There?
If your company is undertaking a project that is looking at innovating, improving, or developing a product, process, or service, you may qualify for R&D tax relief. There are two different types of R&D relief which are generally dependant on the size of your company. A company is usually defined as an SME if staff… View Article
Can My Business Benefit From R&D
The Research and Development (R&D) tax credits scheme offers businesses the ability to invest in new technologies and scientific development in exchange for generous reliefs and credits. Businesses investing in Research & Development projects can benefit from a significant reduction in their Corporation Tax bill. The scale of the refund can even wipe out a… View Article
The 5 Steps Needed For Putting R&D Into Action
There are two schemes for making an R&D claim, depending on the size of the company or organisation; the Small or Medium-sized Enterprise (SME) Scheme and the Research and Development Expenditure Credit (RDEC) scheme for large companies. Today we’re going to discuss the possibilities for making an R&D claim for tax relief. A company is… View Article
Ten Simple Things To Remember About R&D
R&D is a great way to get tax relief. But there are some things to bear in mind: R&D credits are a Corporation Tax relief designed to encourage innovation and enterprise within the UK economy. The scheme offers businesses the ability to invest in new technologies and scientific development in exchange for generous tax reliefs… View Article