What Are R&D Tax Credits In The UK?

Описание: R&D tax credits represent a vital government incentive designed to reward UK companies that develop innovative solutions in science and technology. The scheme allows qualifying businesses to claim up to 27% of their eligible R&D expenditure as tax relief or as a cash payment from HMRC.

Your company might qualify for R&D tax relief if you’re creating new products, processes, or services, or modifying existing ones. The UK offers two main schemes: the SME R&D Relief for smaller businesses and the Research and Development Expenditure Credit (RDEC) for larger companies.