The R&D Tax Credits scheme allows companies to reduce their corporate tax bill or receive a tax refund from HMRC. Designed to incentivise innovation, the scheme rewards technically challenging work.
The R&D Tax Credits scheme allows companies to reduce their corporate tax bill or receive a tax refund from HMRC. Designed to incentivise innovation, the scheme rewards technically challenging work. The scheme can be used by any organisation which is liable for corporation tax in the UK and meets the necessary R&D criteria. Businesses are able to reclaim 11-33% of qualifying costs on an annual basis. CONSTRUCT has partnered with Leyton, an international consulting firm, to provide guidance for members on the R&D Tax Credits Scheme.