Research and development (R&D) tax relief is one of the most lucrative and underutilised tax reliefs within the UK.
R&D is useful to any company, in any sector, who undertakes a project which seeks to make scientific or technological progression. R&D is useful to companies of any size and can be used to reduce corporation tax or, in some cases, create a repayable tax credit which can be used by the company.
Below are some of the sectors Hamilton Blake has experience working in:
– IT Solutions
– Design and development
Hamilton Blake will work with you to gain an understanding of your business and help build a claim for HMRC. R&D tax relief can create a cash repayment of up to 33% of allowable costs.
Its very common for companies to think of their work as ‘what we do’ when really the problems they are solving are often unique and could qualify for R&D tax relief. Contact us today and one of our tax consultants will be happy to talk to you free of charge.