The R&D tax relief scheme is a generous incentive to support innovation in British businesses. The effects of the pandemic has made this relief even more important as it brings businesses much needed cash at a critical time. While many companies are already taking advantage of the available schemes, there are still some missing out on this relief. In this webinar, we explained what R&D means for tax purposes; what type of company can claim the relief; what qualifies as R&D activities; and what can actually be claimed.
The challenges created by COVID-19 impacted on R&D for tax purposes, specifically the Government’s Coronavirus Job Retention Scheme (CJRS – Furlough). Our webinar also highlighted the important steps companies need to take to ensure their claims remain valid.
As usual, our regular panel were on hand; Tim Stovold, our Head of Tax, provided a brief tax update following the Chancellor’s Winter Statement. Click here to view Tim’s slides and view our video summarising the Chancellor’s Winter Economy Plan.
We have produced a simple guide on claiming R&D tax credits to fund business growth. We have a team of scientists, engineers and tax advisers able to take away the laborious task of claiming, leaving you to concentrate on what you’re good at, running your business.
For more information on our services, visit our R&D website page.