R&D Tax Credits

What are R&D Tax Credits?

The UK government provides some significant Tax incentives for companies undertaking research and development work (R&D). The aim is to encourage investment in R&D and to make the UK an attractive location for overseas companies to undertake their R&D activities.

You might be surprised

Many companies, particularly small ones, have no idea that what they’re doing could qualify as Research and Development.

HMRC and the Department of Trade and Industry have issued some guidance on the meaning of R&D for tax purposes.

For an activity to be considered as R&D it should aim to do the following:

  • Seeking an advance in science or technology
  • Resolving scientific or technological uncertainties
  • Developing new and innovative products, processes or services
  • Enhancing or appreciably improving existing ones

Visit our dedicated R&D Tax Credits website

Phinch has a website devoted exclusively to R&D Tax Credits for UK registered Limited Companies. (Please note that this site is still branded as Finch & Associates – we’ll be updating that site with our new brand soon!) There you’ll find more information to help you understand if your business – and your activity – might be eligible. Please go to www.rdtaxcreditspecialists.co.uk to find out more. 

Further Information

If you’d rather just start the conversation, please call us on 01275 867350 or send us a message now.

From the obvious activities…

To the more unusual ones…