Research & Development Tax Credit

The Research & Development tax credit incentive was introduced in April 2000 by HMRC and is designed to encourage and reward UK based Ltd companies for investing in innovative products, services and processes by providing them with a tax credit of up to 33p for every £1 invested.

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Who May Be Eligible?

Companies that invest money into developing new products, services, and processes or enhancing existing ones, are eligible for benefits such as a cash payment, reduction of corporation tax.

Find out if you qualify for Research and Development tax credits with the eligibility checker.

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