For a profitable SME, an R&D claim reduces its profits chargeable to corporation tax.
If loss-making, R&D claims let you surrender this for a cash repayment, at the current rate of 14.5%.
The exact return depends on the qualifying R&D activities, cost and your company’s tax position.
You can go back up to 2 years, so a first time claimant can often make 3claims in a short period of time. This often results in substantial amounts of tax credit or cash to reinvest in your business.
You can claim every financial year which helps transform future investment decisions.
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