R&D Tax Credits

Research & Development (R&D) tax credits are an HMRC incentive to reward the time and investment businesses put into creating or improving products, processes or services. They want to encourage innovation.

Research & Development Tax Relief is a massively underutilised tax relief. The Relief was introduced by the Government to incentivise innovation. We’re talking about being able to claim back up to £33 for every £100 spent on R&D, where the costs incurred on activities that are considered eligible!

Great, but what is R&D?
That’s the problem – we’ve found R&D sounds too much like rocket science, with people missing out on valuable opportunities as they’re not sat there in white coats and safety googles!

Then get on the phone to our Lauren and let’s book you in for a discovery call.

Vibrant Accountancy, Accountants in Derby