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Research and Development (R&D) Tax Credits

Research and Development (R&D) Tax Credits

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Research and Development Case Study

Research and Development tax relief is intended to support businesses that are being innovative by rewarding those that are seeking to make a scientific or technological advancement.

The Research and Development regime is intended to support businesses whilst they are developing a product or service.  During the early stages of the product lifecycle sales revenue is minimal and typically expenditure is significantly higher.  In short, businesses might be able to convert these losses into a cash repayment of up to £14.50 per £100 surrendered.

Where businesses undertake qualifying expenditure on Research and Development they either receive an enhanced deduction against their taxable profits (small and medium sized entities) or a tax credit (large entities or SMEs) and either regime can result in a cash repayment.

Why not speak to one of our friendly tax team to establish whether the work you are undertaking would qualify for Research and Development relief with our experience we can help you to identify qualifying expenditure.