The UK has one of the most attractive R&D tax credit regimes in the world. It is designed to reward business innovation and boost intellectual property across the country. However, many small and medium-sized businesses are unaware of the schemes and thus missing out on a vital source of funding.
Our specialist team of scientists, engineers and tax advisers are here to help. From identifying surprising activities that qualify as research and development to considering additional tax implications, we take care of everything, leaving you to concentrate on running your business.
Just some of the areas that qualify as research and development are:
- Software development
- Outsourced innovation
- Research costs
- Product development
- Working in collaboration on a project
- Trialling-related costs and prototypes
- Process development (or improvements to manufacturing processes)