Research and development tax relief
The Government recently announced a review of the support that the current system of Research & Development (R&D) tax relief provides for innovative companies. This announcement came hard on the heels of a relaxation in policy by HM Revenue & Customs, in relation to the costs that can be included in R&D claims.
Within Johnston Carmichael, we have a dedicated R&D team with significant experience of making claims under the existing rules. There can be significant benefits under the scheme for companies which undertake qualifying R&D.
We have recently delivered over £23 million of tax relief for Scottish companies - none of our claims have been rejected by HMRC. Our success is based on our approach: we take time to understand your R&D projects and we know how HMRC assess claims in practice.
If you would like a free assessment as to whether your business might qualify for R&D Tax Relief and the likely value of a claim, then please do not hesitate to contact a member of our R&D team.
Follow us
- Wind turbines... important tax issues to consider - t.co/jKKhZ2ac #renewables #incometax #capitalgainstax #inheritancetax