Well kind of…Research & Development Tax Relief could your business claim?
R&D reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects.
You may be able claim Corporation Tax relief if your project meets the definition of R&D.
Over the last 5 years, Pentland’s clients have benefited from £6,673,389 of eligible expenditure and saved £1,251,663 of corporation tax.
This is not always white coats in labs or factories as the majority of our clients are in the technology sector.
If you’d like to find out if you may have a claim with no upfront costs, please call and speak to either Elinor or Taz on 01926 424455.
https://www.gov.uk/guidance/corporation-tax-research-and-development-rd-relief
