If you’re disrupting the marketplace with innovation, then your R&D costs can attract tax credits which reduce your corporation tax bill and/or generate a cash refund.
Who can claim?
If you are a Ltd company and pay your people on PAYE, have less than 500 staff and revenue or less than £100m, then you can claim.
You can claim the % of your payroll plus some associated consumable costs. We can explain exactly what will qualify.
Investcope offers a no win no fee service that will develop your R&D tax credit claim, produce the calculations and required supporting material and submit it to HRMC. It normally takes 4-6 weeks for HRMC to confirm your claim.