The key is to ensure that the research and development work qualifies under the legislation, that all costs are identified.
This saves costs but from April 2020, a company with no PAYE and NIC cannot claim a cash refund on expenditure relating to R&D.
Research and Development (R&D) Tax Relief was introduced by the Government to provide an incentive for UK companies to undertake innovation.
Tim Lwin explored the Chancellors message of ‘a budget for hard-working families’ and explained the various Tax reliefs for businesses that are available.
Innovative UK companies claimed £3.5 billion in R&D tax credits in 2016-17. Contributing up to £8.1 billion to the UK economy…
Howard Worth Chartered Accountants and Business Advisors have launched a new website for a specialist arm of their business – The R&D Co…