R&D tax credits
R&D tax credits are a government initiative to encourage companies operating in the UK to innovate. It is open to overseas companies as well as UK registered businesses. We can advise you on the best way to take advantage of these credits to help support innovation in your business.
Work for success, build profitability
R&D tax relief works in two ways either by reducing the companies corporation tax bill or providing much needed cash where the company is yet to make profit.
What could you claim?
Effectively companies can claim approximately 33% of their allowable R&D costs back in cash or if the company is making profit the tax relief is even higher at 43% of those costs.
Chariot House clients have claimed over £1.2m in cash and tax savings from the government.