R D Tax Credits Explained

Research and development (R&D tax relief and business finance) tax credits are a valuable government tax relief that rewards UK companies for investing in innovation.

Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for a cash payment and/or Corporation Tax reduction.
If you have any concerns relating to where and how you can make use of R&D tax relief and business finance, you can contact us at our own webpage. R&D tax relief and business finance tax credit rates are the equivalent of up to 33p for every £1 of qualifying expenditure.
They can be used as an alternative to innovation grants for research and development funding. Sometimes they can complement them too.