What are they?
R&D Tax Credits are a valuable government tax relief that rewards UK companies for investing in innovation.
Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for a Corporation Tax reduction.
R&D tax credit rates are the equivalent of up to 33p for every £1 of qualifying expenditure. Lossmaking businesses can receive a cash repayment.
R&D does not just apply to people in laboratories wearing white coats. SAS R&D have successfully submitted claims for companies in various industries such as Manufacturing, IT, Gaming and Construction.