Research & Development Tax Credits
At FUSE we believe in maximising tax relief opportunities available to your business. Research and Development (R&D) Tax Credits were introduced in 2000 by the government as an incentive designed to financially aid UK companies for investing in research and innovation. R&D tax credit relief is a Corporation Tax relief that can reduce a company’s tax bill or, in some circumstances, result in a payable tax credit. For tax purposes, R&D takes place when a project seeks to achieve an advance in overall knowledge or capability in the field of science or technology.
This HMRC guidance is a useful source of information to help with making a claim for tax relief for SMEs. This is an extremely advantageous cash resource for businesses making qualifying expenditure, which can include hiring new staff, technology costs and science research.
We can help you make an appropriate claim and in complex cases, work closely with a specialist R&D claims expert to help you benefit from this relief.
Get in touch with us for more information.