Research and Development relief (R&D) is a tax credit that was introduced by the government in 2000 to encourage scientific and technological advancement and to reward businesses that invest in innovation across the United Kingdom.
For tax purposes, R&D takes place when a project seeks to achieve an advance in overall knowledge, improvement, environmental advances or capacity within your business.
Only 20% of eligible companies are claiming this relief, mainly because they do not believe they qualify.
No upfront fees applicable
If you wish to discuss the options available for you and your business, please complete our Contact form or email the team tax@westonfinancialltd.co.uk
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