HMRC Research and Development (R&D) tax credits allow businesses to offset R&D costs by either reducing their corporation tax bill or obtaining cash rebates for a loss-making business.
It’s a valuable funding source; recent improvements by the Government have made it more accessible and it is now a very useful means of financing innovation for qualifying companies.
Identifying whether a business is eligible for R&D tax credits and managing the application process can be complex, costly and time consuming – it’s a specialised field. Why take time away from running your business when we offer a no win no fee service?
A wide range of companies are eligible to claim R&D tax relief:
CP Tax has already helped many companies successfully claim R&D tax relief.
Tax refunds claimed have amounted to of thousands of pounds and with the relief now at 225% of qualifying costs, it is more valuable than ever.
If you think there’s even a small chance R&D tax relief could apply to your existing business or idea for a new start up, investigate the possibility with our tax specialists.
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