R&D Tax Credit

Discover if you’re able to claim Corporation Tax relief. Does your project meet the definition of R&D for tax purposes?

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R&D Tax Credit With Provide Finance

Research and development (R&D) tax credits are a government-designed scheme to reward UK companies for investing in innovation. They are a valuable source of cash for businesses who wish to invest in the acceleration of their R&D, hiring new staff and ultimately reaching their potential. Research and Development (R&D) tax relief supports companies that work on innovative projects in science and technology. You may be able to claim Corporation Tax relief if your project meets the definition of R&D for tax purposes.

Projects that count as R&D relief should be part of a specific project to make an advance in science or technology. Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief – you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction. The scope for identifying R&D is significant – current opportunities exist in every single sector. And if you’re claiming for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.

Provide Finance helps you get the Research and Development (R&D) Tax Credits you’re entitled to, fast. With access to over 200 approved lenders, all with competing rates and terms to secure your Research and Development (R&D) Tax Credits business, we can put your enquiry in front of a range of pre-approved finance providers where you can screen, shortlist and choose. Start matching with providers today.

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