Shedding Light on R&D Tax Credits

If your company is continuing a project that seeks an advance in science or technology, you could very well be entitled to "Research and Development Tax Relief (or credit)".

Dependant upon your company's expenditure on R&D,  this relief could help reduce your company's tax bill or for some SME's, could take the form of a cash sum. 

Of course, not all activity wil be considered to be R&D so it is worthwhile finding out more either through the HMRC or via your accountant - contact us if you'd like us to provide you with a list of local accountants.