Is your business eligible for R&D tax credits?

R&D tax credits

In 2000, the UK government introduced a scheme whereby companies could reclaim expenditure on research and development projects. The purpose of this is to reward businesses who are seeking new solutions to industry-wide problems with financial remuneration for their efforts, thus encouraging Britain to stay at the forefront of innovation. Research has shown, however, that very few companies are taking advantage of this, with – for example – 77% of engineering firms currently missing out. This appears to stem either from a lack of awareness about the scheme, or from…

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