R&D Tax Credits
Companies carrying out research and development may be eligible for Research and Development (R&D) Tax Credits.
Can my company benefit from R&D tax credits?
All companies undertaking R&D may qualify to claim a deduction when calculating their taxable profits of:
- 175% of qualifying expenditure for SMEs or
- 130% in respect of qualifying expenditure for LEs, reducing the corporation tax bill accordingly.
A summary of the scheme and a case study are available HERE
The rules allow universities to act as subcontractors for R&D.