On the 10th day of Christmas, Moore and Smalley gave to me, R&D case studies!
Research and Development (R&D) is a Corporate Tax (CT) tax relief that could potentially reduce your company’s tax bill, providing your company is liable for CT.
There are many myths surrounding R&D tax relief, and many businesses think that it won’t apply to them. But the truth is, most sectors can claim tax relief, whether you’re a manufacturing business, architects, or even if you work in web design. It also doesn’t matter if you’re profitable or making a loss.
According to HMRC, your company can claim for R&D tax relief if an R&D project seeks to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty – and not simply an advance in its own state of knowledge or capability.
Moore and Smalley have helped our clients save over £5 million in tax as a result of R&D claims, take a look at some of the successful R&D claims we have made.