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Research & Development tax credits were first introduced in 2000 and since then have provided over £6billion in benefit to UK based companies.
Despite being an invaluable relief to companies undertaking qualifying activities the take up is still very low, with the biggest reason for companies not applying for R&D tax credits is the common misconception that R&D is only undertaken by those wearing white coats working in laboratories.
In actual fact the majority of claims are made by those in the manufacturing sector followed by those involved in technology based activities such as software development.
A project also doesn’t have to be successful to qualify, as you can claim R&D tax credits even if a project is unsuccessful or aborted part way through.
This service includes:
Checklist for any industry
If you are able to answer yes to any of the following questions, please get in touch for an initial discussion.
If you would like to see if your company could qualify we can arrange a FREE call with our R&D specialist who within a brief telephone call could determine whether a claim could be made. If this is of interest please contact member of LB Group at one of our offices or email firstname.lastname@example.org.
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