Who’s getting R&D tax credits and by the way what are they?
We've just released the first in a series of R&D help videos. Many UK companies can get cashback for creativity, otherwise known as R&D tax credits, this video answers: What are they? Who's getting them?
R&D stands for Research and Development and how people interpret those three little words can result in an immediate decision that they don't qualify for tax credits. But the good news is that it’s not only for rocket scientists or research laboratories! It's part of a raft of UK Government tax incentives to encourage more investment in innovation and development across all industries - but particularly in manufacturing and technology industries.
Many UK companies can get R&D tax credits
Many UK companies can get R&D tax credits, as long as they are innovating in some way. If you qualify for cashback you'll wish you'd known sooner, so watch this video. Companies of all shapes and sizes get cashback for being creative. So it makes sense to spend a few minutes checking out whether you could be one of them.
This is one of a series of short information videos covering common questions about R&D tax credits and how to claim them.
Other great resources include:
Cashback for Creativity - Do I Qualify?
You might want to take our - Cashback for Creativity - Do I Qualify? - test. It only takes a few minutes and will help you check if you qualify.
How to estimate your cashback value:
We also have a page telling you how to estimate the cashback value you could get.
Are you ready to find out if you qualify or how much your R&D claims could be worth?