Research and development tax relief explained - Guides - Gateley
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Research and development tax relief explained

Gateley Capitus

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R&D Tax Credits allow companies to reduce their tax bill or claim payable cash tax credits as a proportion of their Research and Development expenditure. For every £1 of R&D spent, you could receive up to 33p back. 

Watch our short video for an explanation of R&D tax credits and why they matter. 

Read the transcript:

R&D Tax Credits. R&D Tax Credits allow companies to reduce their tax bill or claim payable cash tax credits as a proportion of their Research and Development expenditure. For every £1 of R&D spent, you could receive up to 33p back.

It's not always easy to know if R&D is taking place, so a few essentials you should always keep in mind. You can claim in any sector, not just scientific and pharmaceutical research. They apply to all forms of innovation on new and existing activities. You can claim even if the project is unsuccessful.

Get expert advice on what qualifies and learn more about how we can help you by calling us on 0121-206-2343 or go to gateleycapitus.com.

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