Research and Development (R&D) tax relief is a government incentive designed to reward companies for investing in innovation.
Tax relief from R&D can be a valuable source of cash for companies to invest in accelerating their research and development of new or existing products and processes or hiring new staff and investing in business growth.
However, strict eligibility rules determine whether or not you can or can’t claim.
Want to find out if you can claim?
Who might be eligible?
Any company that spends money on developing new products, processes, or services – or enhancing existing ones – may be eligible to claim R&D tax relief.
For SMEs, R&D tax credits can be a valuable tax relief, and it is important to know that you can claim even if the project has been unsuccessful.
Not every project or form of expenditure is eligible, however, so a careful review of your R&D activities is required.
How we can help
The team at Ascendis can simplify the R&D claims process for you and confirm your eligibility before making a claim, by carrying out all the hard work on your behalf.
We will assist you with completing your R&D application and submit it to HMRC on your behalf, ensuring that your business receives the amount it is entitled to.
Want to start a claim today?
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