What are R&D Tax Credits?
Research & Development tax credits are a tax relief that supports companies working on innovative projects in the field of science and technology.
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- Tax Credits can be applied for every year and can help your business grow.
- They can apply to any business, of any size.
- Businesses can deduct 230% of their qualifying costs from their yearly profit.
- If your company is loss-making, you could receive R&D tax credits in cash worth up to 14.5% of the surrenderable loss.