What is R&D?
R&D doesn’t have to mean reinventing the wheel: it's also solving problems that your business faces on a day-to-day basis in a new way, or having to overcome a challenge that doesn’t have a straightforward solution.
"Over £9.6 billion in government support is paid to innovative businesses each year"
R&D tax credits
Corporate tax relief that reduces a company’s tax bill or provides a cash sum
Receive a non-repayable lump cash sum for a specific innovative project
A lower rate of corporation tax on profits made on patented inventions
Pay zero tax against any incurring expenditure related to R&D activities