During 2016-17 39,960 R&D tax relief claims were made, an increase of 25% from the previous years’. In addition to this, over the last 18 years, there have been in excess of 240,000 claims made, totaling £21.4 billion, read the full article here.
The government is encouraging and rewarding UK businesses for innovating. If you are creating new products, processes or services, or changing or modifying an existing product, process or service come to our R&D drop in day on Thursday 18 October. Register here.
Our one-on-one meetings with our experts are here to dispel the myths and help you to identify if you are missing out on research and development tax credits. Our drop in days have helped clients and local businesses to save over £250,000 in corporation tax relief, so please do drop in at any time on Thursday 18 October.