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The R&D corporation tax relief scheme is a key part of the government’s strategy to promote innovation and sustainable economic growth in the UK.
In recognition of the significant economic contribution made by small businesses, the scheme offers particularly generous rewards to small and medium-sized enterprises. They can claim cash repayments of up to 33% of their qualifying R&D expenditure – dramatically boosting cash flow and enabling businesses to invest in their growth.
Click here for an indication of the types of expenditure that qualify
A common misconception is that R&D tax relief is limited to highly technical activity and the development of completely original products. The reality is that because the aim of the regime is to encourage innovation, it can also include the following.
Our R&D team is headed by Matt Watts, a leading expert in R&D tax relief. He and his team can work with you to determine exactly how much you can claim. Our initial consultations are free and without obligation.