- 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?
Which Companies Are Eligible?
Any business, in any industry or trade, that incurs costs while creating new goods, processes, or services is qualified for R&D tax reduction. If you incur costs improving current goods, procedures, or services, you may also be qualified for R&D tax savings.
Corporation Tax relief
If your project falls under the government’s definition of R&D, you may be eligible for Corporation Tax Relief.