Claiming Your R&D Tax Credits
UK businesses that demonstrate innovation in the fields of science or technology may be able to claim R&D tax relief from the UK government. Those who are eligible for the scheme can claim back up to 33% of their spending on R&D, with payments available in the form of a corporation tax reduction or a cash repayment.
R&D tax relief explained
A claim for R&D can put businesses in a much healthier position and give them more resources to perfect their product or service. With so much to gain from this scheme, we have written this detailed guide to help you answer the following questions:
- What are R&D tax credits?
- Is my business eligible for R&D tax relief?
- How do I claim back my R&D costs?
- What can be classified as R&D expenditure?