Introduction As of December 2024, businesses leveraging R&D Tax Relief and Innovate UK Smart Grants must navigate new regulations and…
What is Research and Development tax relief and how can I claim?
The Research & Development tax relief incentive is a tax relief that the government has put in place to encourage companies to keep developing and investing in innovation. Companies who spend money creating new processes, products or improve existing ones are able to claim a tax relief in the form of a tax credit, corporation tax refund or a tax reduction.