What are the benefits of claiming R&D Tax Refunds/Credits?

November 6, 2020

R&D Tax Credits are a Government incentive designed to compensate UK companies for investing in innovation to improve the way they do business and overcome problems. They are a significant source of innovation funding for your Company, to enable you to invest in stimulating your Research and Development program, recruit new staff, expand your business and increase profitability.

The total number of claims are increasing year on year and there have been no signs that adoption of the scheme is reaching a saturation point and is slowing down, in fact the government announced recently that now, more than ever, they are committed to innovation and cutting-edge technology and announced their plans to increase public R&D investment to £22 billion per year by 2024-25. This landmark investment is the largest and fastest ever expansion in support of researchers and innovative businesses.

Spending money on innovation also has far reaching positive change not only in Companies but in wider society. It benefits UK Companies as well as promoting economic growth ultimately benefiting us all.

Innovation in Life can assist you with your claim. We will take care of every single part of your claim from the moment you engage with us. We are fully up to date with all the areas of qualifying activity and we can highlight these for you and the potential value of your claim.

We would love to hear from you and work with you to help your Company prepare a claim and access the HMRC R & D credit/refund your Company deserves. This is Corporation Tax that you have paid which will be refunded to you. Innovation Tax Credits really do have the potential to transform your Company and fuel its ongoing growth. Contact us today to find out more!

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