Research and development
Funding your work
If you’re an ambitious company or business that’s carrying out innovative research or making new breakthroughs, you might be able to claim enhance tax relief on some of your costs.
Research and development (R&D) tax credits are a way for the Government to help support innovative businesses looking to make waves in their field. But, while this is a welcome support to most, it can actually be rather confusing when attempting to apply and reclaim the credits themselves.
At Cottons, our team of R&D credit experts will help you calculate the costs involved in your research and make sure you’re able to claim every penny back of eligible expenditure, plus any additional tax relief available.
It’s not just experimental work carried out that falls under the scope of R&D expenditure either, but raw materials, products, services and design working costs, too.
There are two key schemes for R&D: one designed specifically for SMEs, and the other known as Research and Development Expenditure Credit. We can explain the benefits, limitations and inner-workings of both.
We’ve helped countless businesses save thousands through research and development tax credit claims, so get in touch with our dedicated team today to find out how we can help you.
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