Research and
Development

Tax incentives encourage innovation in the UK

Did you know that generous Research and Development (R&D) tax incentives are available to encourage innovation in the UK? If your company is developing new products, processes, materials or services, there is a good chance that you will be able to claim R&D relief.

The new filing deadline for R&D claims significantly reduces the time available to make and submit claims. R&D claims have to be made by the first anniversary of the filing deadline for the company’s tax return (normally 2 years). Companies need to start planning early to optimise the amount that can be claimed before the filing deadline.

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