Well kind of…Research & Development Tax Relief could your business claim?
R&D reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects.
You may be able claim Corporation Tax relief if your project meets the definition of R&D.
Over the last 4 years, Pentlands clients have benefited from £2,890,425 of eligible expenditure and saved £683,507 of corporation tax.
This is not always white coats in labs or factories as the majority of our clients are in the technology sector.
Nine clients so far saving an average of £76,000 and being able to claim for more than one year.
If you’d like to find out if you may have a claim with no upfront costs, please call and speak to either Elinor or James on 01926 424455.
http://www.gov.uk/guidance/corporation-tax-research-and-development-rd-relief
