About R&D Tax Credits

If your company carries out research and development then you may be eligible for R&D tax credits, which can reduce your tax bill or increase taxable losses. If your company makes a loss on qualifying R&D expenditure, you can choose to ‘surrender’ or ‘cash-in’ losses that derive from an HMRC claim.

 

Are you eligible?

A lot more companies are eligible for the UK Government’s R&D tax credits scheme to encourage and reward innovation than you might think. In a nutshell, you must be able to demonstrate to HMRC that the product or service you’re planning to include in your claim is truly innovative and, at a technological level, an advance on what’s currently available in the market.

 

Please email enquiries@iq4business.co.uk to arrange a chat with Lucy Cameron to find out more.

 

 

Aspen Waite are R&D Tax Credit Specialists and Chartered Accountants backed by industry experts from a range of sectors.

They pledge to work with any client, anywhere – regardless of size of fee. They don’t charge a penny unless successful, so there is no risk to you or your business.

 

How much can you claim?

The SME scheme has a rate of R&D expenditure tax relief as high as 230%, while RDEC (the research and development expenditure credit) is worth 12% of your qualifying R&D expenditure.

 

Get cash for your innovation

As the need for more efficient, environmentally-friendly and intelligent technology and products increases, the UK is quickly becoming a thriving hub for innovative companies across a range of industries.

Often these developments require substantial cost, manpower, specialist knowledge and time – and this is where the R&D Tax Credits Scheme sets out to help.

By helping companies recover a percentage of their expenditure on qualifying R&D, they can reinvest and continue to grow and innovate.

However, due to a lack of awareness and misunderstanding, many companies are missing out on the tax credits/cash they are entitled to.

 

Please email enquiries@iq4business.co.uk to arrange

a chat with Lucy Cameron to find out more.

 

 

Please email enquiries@iq4business.co.uk to arrange

a chat with Lucy Cameron to find out more.