R&D Tax Credits

R&D is the abbreviation for Research & Development and is something that takes place across UK businesses, often as a matter of course and some businesses wouldn’t necessarily even realise they are doing it. In 2000, the UK introduced the R&D tax credits scheme which allows companies the opportunity to offset their corporation tax against Research & Development expenditure and if you’ve never claimed before, there could be an opportunity to get a tax refund, providing cash to benefit your business.

 

The main purpose of the scheme is to encourage innovation, increase the quality and quantity of R&D in the UK and inward investment to the UK. The scheme includes SME businesses and Large companies, with potentially significant rewards on offer for many businesses.

 

In order to qualify for R&D tax relief you need to demonstrate how a project:

  • Looked for an advance in science and technology
  • Had to overcome uncertainty
  • Tried to overcome this uncertainty
  • Could not be easily worked out by a professional in the field

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How Can We Help?

Ignite Business Group works with experts in R&D tax claims to give businesses the best chance of claiming from the scheme where eligible.  These experts can maximise your R&D tax claim potential and produce the technical report to give you the best chance of success.

 

Contact us today and we can organise for an expert to review opportunities for an R&D tax claim for your business.