The Government created Research and development (R&D) tax credits to reward those companies in the UK that are investing in innovation.
As businesses exploring new opportunities for new revenue streams to replace business lost as a result of the Coronavirus crisis, interest in R&D tax credits is seeing a strong surge.
These credits offer a valuable source of income to help businesses invest in R&D, hire new talent and grow, by reducing their tax bill. As part of the Covid-19 support measures, HMRC are endeavouring to process R & D claims as swiftly as possible which should help those that are claiming R & D tax credits.
Speak to our expert tax team now to find out if you qualify and how your business can make the most of R&D tax reliefs.