Research & Development Tax Relief Claim (for SMEs)
10th July 2017
For Small and Medium Enterprises in the UK, Research and Development (R&D) tax relief enables companies that incur costs in developing new products, processes or services to obtain additional deductions against their taxable profits. Where this additional deduction creates losses, the company is entitled to surrender the losses for a repayment tax credit.
This scheme is designed to encourage innovation and increase spending on R&D activities by UK companies.
To find out if you are eligible and how we can help, why not download Alex's factsheet.