Research and development tax credits
Innovation is the lifeblood of industry. For that reason, HMRC offers you generous tax relief to encourage your investment in research and development (R&D).
These reliefs can substantially reduce your corporation tax liability or better still, eliminate it all together.
Many companies perceive the relief to be for high tech sectors such as scientific or medical research. But this isn’t the case, and we’ve recently helped Phil Smith, Director at Staffordshire Precision Engineering Limited to make a successful claim. Read how we helped Phil here.