R&D Tax Credit
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R&D Tax Credit
Research and Development (R&D) tax credits are government reliefs that support businesses that are making advances in science and technology. They can be used for businesses that are looking to create technological and research advancements based in their field. Research and Development grants are available for both successful and unsuccessful projects encouraging business owners to initiate innovation within their sector.
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At a Glance
What You Need
As the applicant, you must be part of a company’s existing business or have the intention to be a business line. The business must be focused on advancements of science or technology within their sector. Your application must demonstrate the need to overcome uncertainty and difficult obstacles.
Research and Development Expenditure Credit: For larger companies, the Research and Development credit is 13 percent as of April 2020.
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