Research & Development (R&D) tax incentives

Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief. If you're spending money on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction. The scope for identifying R&D is huge – in fact, it exists in every single sector. And if you're making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.