R&D Tax Relief- The Facts, Common Misconceptions & Benefits
The term ‘R&D’ implies exotic, hi-tech, laboratory-based work. However, the R&D Tax Relief Scheme definition is much broader, and definitely covers those head-scratching moments when your team is faced with a problem.
Our session helps to de-mystify the process of capturing development activity, and how to structure various R&D Reliefs to create a virtuous cycle of funding, and how to future-proof claims against changes on the horizon.
- R&D is the most generous tax relief there is for SME’s
- Most businesses are doing it to some extent… it doesn’t need the people in white coats to be researching for you to be doing R&D….
- Are you changing a product or a process? Are you overcoming a problem…. It’s probably R&D.
- The R&D Scheme is a tax-free reward for the ‘investment’ of the costs of undertaking development.
- Whilst there are changes on the horizon to tighten the scheme against spurious claims, our process is tested and proven to safely maximise claim value for reduces risks.
- The R&D Schemes are here to stay, they form a key part of the UK industrial Strategy.