R & D Tax Credits - Do you know if you are eligible to claim?
R&D tax credits can be claimed by almost any limited company investing in creating better products, processes, services, materials or devices.
R&D tax credits are a tax relief designed to encourage greater R & D spending, leading in turn to greater investment in innovation. They work by either reducing a company’s liability to corporation tax or by making a payment to the company.
If as a business you have no tax bill to reduce you can claim a cash payment.
Could you be one of the many businesses in Norfolk and Suffolk that could be missing out?
Haines Watts in Diss have already helped a wide range of clients make successful applications for R&D tax relief. With thousands of pounds waiting to be claimed, this could make a real difference to your business.
Over the past 5 years Haines Watts East Anglia have helped an East Anglian based IT company make a 200k tax saving, a plant hire company 142k, a construction company 228k and a technology company £1.4m and that’s just a few of the successful claims.
If you think you have a project eligible for R & D then please give us a call. We can discuss your project to see if we feel it is relevant to R & D Tax relief and discuss the next options with you.