The UK government encourage and reward innovation in the form of Research & Development credits, which has been in place since 2000. Should a company qualify, any tax credit applied back to the business, acts as a economic stimulus to keep investing in staff, processes, development and encourage growth.
Typical industries include, Manufacturing, Food and Drink, Agriculture, Engineering, Software, Science/Pharma, Electronics, Architecture and Design. However, innovation comes in all shapes and sizes and is often not obvious hence businesses don’t think (or have been advised) they wouldn’t qualify to claim back costs.
We would love to work with you to explore exactly how you may be entitled to R&D credits in order to help your business grow.