Research & Development tax relief
Research & Development Tax Relief – Is your company claiming / maximising its entitlement?
Many companies in South Wales are believed to have paid, and are continuing to pay, excessive amounts of tax because they are failing to claim (or maximise) a generous tax incentive which they are entitled to.
What is Research & Development (‘R&D’) tax relief all about?
Ultimately, R&D tax relief is about reducing a company’s tax liability and thereby increasing the amount of cash in the company or in the hands of its shareholders.
Examples of some of the industries in which successful R&D claims have been made include:
- Manufacturing
- Engineering
- Computer software and IT
- Food and beverage
- Consumer and retail
- Sustainability and renewable energy
- Oil and gas
Recent blog articles:
Changes to R&D tax credits following Draft Finance Bill 2012
R&D unravelled…
Our specialist R&D team can advise you on your potential eligibility and assist you in making a claim for Research & Development tax relief. If you are interested in discussing eligibility or a potential application, please contact Paul Arnold, Tax Director on 01792 790444 or by email at paul.arnold@broomfield.co.uk
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