Research and Development (R&D) Tax Credit
If a company spends money on research and development activities, these activities may qualify for the R&D Tax Credit.
The credit is calculated at 25% of qualifying expenditure and is used to reduce a company’s Corporation Tax (CT).
Where a company has offset current and previous years’ CT liabilities, it may apply for a credit payable in instalments.
This tax credit could also be transferred to a key employee of your company
Subject to qualifying conditions
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