What is the Research and Development (R&D) tax relief scheme?

Research and Development (R&D) tax relief in the United Kingdom is a government initiative designed to support and incentivise businesses that engage in innovative research and development activities. This program aims to boost economic growth, encourage technological advancement, and enhance the competitiveness of UK businesses.

Companies that invest in R&D can benefit from significant tax incentives, either through a reduction in their corporate tax liability or, in some cases, by receiving cash payments. These incentives are intended to help offset the costs associated with R&D projects, including employee salaries, materials, software, and other relevant expenses.

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R&D tax relief is available to a wide range of industries and is not limited to traditional scientific research. It encompasses the development of new products, processes, or services, as well as the improvement of existing ones. Whether you're a startup, SME, or a larger corporation, you may be eligible to claim R&D tax relief.

To make the most of these incentives, it's crucial to maintain detailed records of your R&D projects and associated expenses. The program is regulated and overseen by HM Revenue and Customs (HMRC), which sets the criteria and guidelines for eligibility.

By leveraging R&D tax relief, your business can reduce its tax burden, freeing up resources for further innovation and growth. This initiative not only benefits your company but also contributes to the UK's technological progress and economic prosperity.

At Acute Business Advisory we pride ourselves in providing honest, expect advice. Book a free, no obligation consultation meeting today and we can explore your eligibility.

R&D Successful outcome thanks to Fabien.

Fabien guided us through the process with ease and confidence, the R&D consultation and outcome were very beneficial to our company and we thank Fabien for his advice and contact. We would highly recommend any Ltd company to speak with them, you have nothing to lose, just gain.

Helen

We wish we had heard of Acute Business Advisory sooner!

I'm so glad that we answered Acute Business Advisory's phone call back in April 2023; since then we filled 3 R&D claims and successfully received tax relief on all. I had prior knowledge of the scheme via a different sector I worked in, but I never thought our joinery business would be eligible. Billie at ABA was very knowledge and friendly, she clearly explained the parameters and it became clear we had a very strong case, and have probably been producing R&D eligible work for decades. I would highly recommend Acute Business Advisory and only wish they had reached out to us sooner!

Kate

Fantastic service. Having dealt with R&D advisors previously we'd had terrible experiences.

Acute are in a totally different league.

Billie was a pleasure to deal with and we look forward to a continued relationship in the future.

John

Guide to Research and Development

Looking to maximise your business's financial potential? Our comprehensive guide to Research and Development Tax Credits is here to help. Packed with valuable insights and actionable tips, this guide will equip you with the knowledge and strategies necessary to identify and claim R&D tax credits for your business. Our expert team of tax specialists has distilled years of experience and expertise into an easy-to-read format that is accessible to both seasoned business owners and newcomers alike. Download our guide today and take the first step towards a brighter financial future for your business.

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Understanding the Eligibility Requirements for UK Research and Development Tax Credits

Looking to claim Research and Development (R&D) tax credits in the UK? Check out our latest blog that explains the eligibility requirements you need to meet to claim this valuable form of tax relief. From company size to R&D activity, expenditure, and supporting documentation, we break down everything you need to know to successfully claim R&D tax credits.

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Research & Development Tax Relief