Research & Development (R&D) tax relief

HM Revenue & Custom’s Research &Development (R&D) tax credit scheme rewards UK businesses for investing time and money into innovative projects.

UK SMEs can reclaim up to 33% of their R&D costs for two previous financial years, whilst larger companies can reclaim around 10% of their costs through a similar RDEC scheme.
It is important to know that your R&D projects do not need to have been successful; failure is very much a part of the R&D process.

If your business has invested in innovation, you may be able to reclaim a portion of your development costs.

Find out whether your business may be able to reclaim valuable R&D tax credit by calling us now.