- R&D Tax Credits: What Are They?
- What qualifies as R&D?
- What expenses may my company claim?
- How far in the past can my company claim costs?
- What costs am I not eligible to claim?
- Which companies are eligible?
- Which initiatives qualify as R&D?
- Do distinct kinds of R&D exist?
- How much should I anticipate receiving?
- How will I get my claim paid?
- How much time does the entire process take?
How Far In The Past Can My Company Claim Costs?
You ought to be eligible to claim R&D tax reduction on your two most recent completed accounting periods if this is your first claim. You can submit a claim once a year after that. The government defines the project start date as the moment you begin trying to resolve a scientific or technological question. Costs can be claimed from this date until you produce or discover the advance, or if your project is unsuccessful, until the project end date.
Helping You Resolve
Naturally, you’ll have some enquiries if you’re unfamiliar with R&D tax credits. We’re here to aid you find solutions, comprehend the numerous advantages R&D tax credits might offer your company, and acquire the money you require to move forward.