What is Research & Development tax relief?

Research and Development tax relief is available
to companies undertaking work that seeks to achieve advances in science or technology.
If your company does this kind of work, it could reduce your tax bill. For every qualifying
£100 spent on R&D, you could get an additional £130 deduction. This will reduce your tax
bill or in some cases you may get a cash payment. To help you claim R&D tax relief, small companies
can be eligible for Advance Assurance. Advance Assurance supports you with your first three
R&D tax relief claims, and guarantees that we’ll allow the claims without further enquiries.
In a single year we received more than 16,000 claims from companies undertaking R&D projects,
and helped support £3.3 billion worth of Research and Development. Is your company
missing out?

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