R&D Tax Credits

R and D Tax Credits.

R&D Tax Credits are a tax incentive from the UK Government designed to encourage companies to invest in R&D. They can reduce your tax bill or you can claim payable cash credits as a proportion of your R&D expenditure.

We have generated in excess of £3m for our clients – in claims of between £5,000 and £300,000.

Too many businesses are missing out on this tax break that has already saved smart small businesses nearly £600m. According to figures by HMRC, more than £590m of tax credit has been issued to UK SMEs. More than £50m has been secured in the North West alone.

The R&D scheme is part of the Government’s drive to boost innovation. It means that businesses investing in the research and development of new products and processes get a tax deduction on qualifying expenditure, including staff wages, materials, overheads, software and utility bills, as well as the ability to claim cash back from HMRC.

If you would like further information about how to make a successful R&D Tax Credits claim call Murray Patt on 0161 980 8788 or contact us below:

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You could claim thousands of pounds back from HMRC