R&D tax credits can take the form of cash back or a reduction in the company’s tax liability. If you are paying corporation tax, you will receive enhanced deduction for the R&D expenditure. If you are loss making and paying no corporation tax you will receive a cash payment based on the R&D expenditure incurred. Call The Profit Key now and we will ensure a specialist checks to see if your company has any potential to claim this valuable relief.
Martin Spare | Finance Director | SRM Industries
Research and Development tax relief is the UK’s most generous corporation tax relief. Despite this, thousands of claims aren’t submitted by companies that qualify. Our specialist R&D advisors can assist you with your R&D tax relief claims.
Retrospective claims can be made for the past two accounting periods which can often result in a significant repayment of corporation tax, or if a company is loss making, a claim for R&D tax credits. Our specialist advisors and technical consultants make over 550 claims per year and have an unrivaled success rate.
The July 2015 budget made no alteration to R&D tax relief. The relief remains at its highest in the scheme’s 15 year history. The proposed reduction in corporation tax in 2017 also means that the RDEC scheme for large companies will become more valuable.
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