Research and development tax credits are a tax relief designed to encourage greater R&D spending and investment in innovation. They work by giving you a cash payment based on your research and development expenditure. Loosely based, R&D work is any project in which you attempt to overcome scientific or technological uncertainties at your own risk - something NEW must come out of the process. You can backdate claims up to two years from the end of your accounting period. At Easy R&D, our service offers the very best technical and specialist tax expertise to maximise R&D tax relief claims. To be eligible, your company must: Be a Ltd company or a Plc (not a sole trader or LLP) Have at least 1 year of accounts filed Have a minimum average turnover of £500k Have a minimum of 5 employees We can claim for: Staff Costs – (salary, national insurance and employer pension) for their time spent on the R&D project. You can also count reimbursed R&D business expenses. S
Research and development tax credits