RDEC R&D Tax credit helps innovative businesses undertaking R&D related activity claim a generous corporation tax deduction. It is aimed at large companies, but SMEs may be able to claim in certain circumstances.
R&D tax relief is a tax incentive from the UK Government designed to encourage companies to invest in R&D.
The scheme has been around since 2000 and last year over 9,000 UK companies claimed £3.4bn in RDEC tax relief. See here for more R&D tax credit statistics.
Since 2011, Jeffreys Henry’s specialist R&D tax team have provided an end-to-end service to existing clients, new businesses and our network of professional introducers.