R & D Tax Credits
Research & Development Tax Relief
Research and development tax relief is a UK Government initiative to encourage technical advancements in SMEs, in particularly, but not limited to, Science and Technology projects.
If you are involved in an ad hoc and continuing process of process, product or technology improvement or simply seeking to advance in your business area, your project may be eligible for R & D Tax credits.
If you run an SME with less than 500 staff and a turnover of under 100 million euros or a balance sheet of under 86 million euros, qualifying expenditure on qualifying research and development projects will receive 230% relief. If the company is loss making, you may also be able to claim tax credit of up to 14.5% of the surrenderable loss.
At Greystone, we advise our clients on possible R&D claims and engage our specialist associates to carry out technical assessments and help in making successful claims with HMRC.
KEY POINTS
- R & D Tax planning
- Support with financial information
- R&D Tax Credits Claim up to 230%
- CT600 submission for R&D Tax Credits
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