R&D Tax Credits are an HMRC tax incentive established to encourage companies to invest in Design and Innovation. They can offer your business the opportunity to claim back a proportion of your R&D expenditure as tax credits, reducing your overall tax burden. A successful claim can result in a cash injection of up to 33p for every pound spent on R&D, into your ongoing innovation activities.
As specialists in Product Development, we can advise on your R+D claims and complete successful applications. Please get in contact with us below for more information about the service we offer, with no obligation.
Please also find out more about our UK Patent Box service by clicking here.