R&D Tax Credits

Research & Development (R&D) tax relief is designed to encourage companies to invest in R&D activities and provides the incentive of being able to claim relief on qualifying costs. This initiative can provide a significant tax advantage to companies of all sizes and can be applicable over a variety of sectors.

The current rate of relief for small and medium sized businesses (i.e. businesses with more than 250 but less than 500 employees) is 200% which increases to 225% from 1 April 2012. For large companies, the current rate stands at 130%

There are several criteria that must be met when submitting a claim and a successful claim is dependent on the correct information being presented to HMRC in the way that their guidelines set out.

CLB Coopers can guide you through this process and prepare the required information to submit to HMRC.