R&D Tax Credits
R&D Tax Credits
The UK is keen to make the UK a desirable place to innovate and as such, has incentivised companies to develop new and exciting products, processes and services with the R&D tax credit scheme, an HM Revenue & Customs (HMRC) initiative.
That said, claiming R&D Tax Credits can be particularly tricky to navigate because innovation and technology move at such a rapid rate that today’s innovation quickly is replaced by tomorrow’s routine development. So what the HMRC deems innovative can sometimes be hit or miss.
The financial benefits of effectively submitting R&D Tax Credit claims are substantial; so it makes sense for companies to apply for R&D Tax Credits using a specialist accountant, to ensure that their claims are successful.
