If you are a company and undertake research and development activities then you may be able to claim tax credits in respect of what you have paid out. In pre-revenue phases this can mean a cash refund from HMRC, and once trading, a nice reduction in your corporation tax bill.
You don’t have to be in white coats in labs working with test tubes either in order to claim, you could be developing new web apps or enhancing production processes, so it’s worth looking at if you think you could qualify.
There are certain criteria that needs to be met to qualify, and a written paper along with calculations needs to be submitted to HMRC.
We will work with you to see if you are likely to qualify for the relief, and once satisfied that you are then we work with you in order to prepare the necessary submissions.