Research & Development Tax Relief
Have you made an R&D Tax Claim, or are you interested in finding out if you are eligible?
What Is R&D Tax Relief?
R&D tax relief is a tax incentive provided by the UK
government to encourage companies to invest in research and development
(R&D) activities. The incentive is designed to reduce the cost of R&D
by providing tax relief on eligible R&D expenditure.
R&D
tax relief can take the form of either a corporation tax deduction or a payable
tax credit, depending on the size and circumstances of the company. To be
eligible for R&D tax relief, a company must carry out R&D that seeks to
make an advance in science or technology. The R&D must also meet certain
other conditions, such as being carried out in the UK and being part of a
company's trade.
For an R&D submission, business then have to showcase how they have made an advance in science or technology that has overcome uncertainty. That's where JJMK come in, taking a deep dive into your innovation projects and producing a technical narrative to evidence the costs and work that was involved. Our process simplifies the journey for our clients, streamlining an otherwise laborious process.
What Activities Can Qualify?