Innovation Tax Reliefs

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R&D Tax Reliefs

HMRC provide a number of financial incentives to encourage businesses to invest in Innovation. R&D (Research & Development) Tax Reliefs provide upto 230% tax deduction for smaller and medium sized businesses, or a Research and Development Expenditure Credit (RDEC) of 13% for large companies qualifying R&D expenditure. Often these reliefs are also collectively referred as R&D tax credits.

How can we help?

At TAP we provide Innovation Tax Relief services with a difference. We offer a unique blend of technical expertise, experience and a delivery approach where the client’s needs are our priority. We work with owner managed businesses and private equity backed groups, together with large international and quoted groups.

Working across the UK and leveraging our international network, we can bring the latest tax opportunities based on evolving tax legislation and HM Revenue & Custom’s (HMRC) approach.

We have brought together a number of detailed webpages that should help you if your business is involved in creating intellectual property, developing techniques to improve efficiencies or working on developing ground breaking ideas in your sector. Our pages will help you determine if your research and development (R&D) activities are likely to qualify for tax relief and our calculator should help you quantify the amount that may be available to you.

If you are considering investment in R&D our team can help you understand what types of expenditure will be allowed and the best way to organise your accounting processes to ensure your claim is successful.

Click on the image map above to go directly to the relevant pages to find out more. Our team are very approachable so please give us a call on 020 8037 1030 to explore how we may be able to assist you to make a claim for tax relief, alternatively complete the enquiry form on this page and we’ll get in touch with you.