What is R&D Tax Credit Scheme
“CLAIM UPTO 33% OF YOUR TOTAL INVESTMENT THROUGH R&D TAX CREDIT SCHEME”
In response to Government’s continued push to make Britain more inventive and productive, in 2000 HMRC introduced a number of tax reliefs to encourage businesses to contribute to enterprise growth. One of these is the Research & Development (R&D) tax relief.
Many businesses believe that R&D tax claims are limited to brand new products or ideas and only available to certain industry sectors, but this is not always the case.