- 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 Will I Get My Claim Paid?
The amount of tax relief granted will be deducted from your overall Corporation Tax owed on your account if your business generated a profit during the time period for which you are claiming R&D expenses. You will get a refund if you have already paid your bill for the time period.
In case of Loss
Your tax credits will be paid directly into your bank account if your company had a loss during the time period covered by your claim.