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R&D Tax Credits

Zoe Harding1 min read

RD Tax Credit Overview:

  • R&D Tax Credits has been UK legislation since 2000, and is currently well supported by our Treasury, as the number of Limited Companies that have made claims, is considerably below expectations, and yet they are actively encouraging claims to be made.
  • Claims are available to UK Corporates, over I-year old, both profitable and non profitable and successful and failed projects.
  • It is designed to support commercial investment in the pursuit of projects, which carry commercial risk and will result in enhanced outcomes, with a level of scientific, technical or appreciable improvement
  • We can adjust the last 2 full years of Accounts resulting in cash rebates – the average being £67,000
  • In short it’s the “scratch the head moment” when the Limited business face a challenge and they come up with a solution that was not readily available.
  • It is not a Scheme but a Law.

In summary, this is a UK Law, HMRC are behind their targets giving credits back and we simply act as a very specialised enabler and conduit to find companies like yours, who should be claiming, if R&D activity exists.

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