What is R&D Tax Credit?

R&D tax relief is the government’s way of rewarding businesses that are developing new,
or improving existing products, processes, services, devices and materials or advancing the state of knowledge in their sector.

The relevant legislation is located in The Corporation Tax Act 2009. Guidance on the meaning of R&D is found in the BIS Guidelines on the Meaning of Research and Development for Tax Purposes.
There are nearly 5.5 million companies in the UK. According to HMRC, Research and Development Tax Credits Statistics show only 170,000 claims have been made between 2000 – 2016.
In 2015-16, only 26,000 claims were made.
Are you missing out?
How R&D Tax Relief Works