Research and Development (R&D) tax relief is awarded to businesses that invest in innovation. This can be in the form of developing new systems, processes, products, materials, devices, or any changes to the way your business works.
Do I qualify?
If you own a limited company that has been trading for more than 12 months and have developed new, or improved existing products, processes, systems, services, devices or materials, then there is a significant chance you will be eligible to claim for Research and Development Tax Relief.
Irrespective of whether your company is currently making a profit or operating at a loss, a claim could still be possible.
If you are still unsure whether you would be eligible for a claim or would like to discuss in more detail how this relates to your business please get in touch.
