Research & Development Tax Relief

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

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 Denise Roberts or Sarah Curzon in our tax team.

Also relevant for innovative companies – the Patent Box tax regime

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