Research and Developments Credits
At Lewis Brownlee, we are proud to announce that the Research and Development Tax Credits claims we submitted in March exceeded £3 million—a new record for us! This milestone highlights the huge benefits available to innovative businesses through R&D tax relief.
If your company is investing in new products, processes, or technology, you could be eligible for valuable tax relief—potentially saving thousands.
What Are Research and Development Tax Credits?
The R&D Tax Credit scheme is a government incentive designed to reward companies that invest in innovation. Eligible businesses can reduce their tax bill or claim a cash refund based on qualifying R&D expenditure.
Your business may qualify if you are:
- Developing new products or services.
- Improving existing technologies.
- Overcoming scientific or technical challenges.
Even if your project was unsuccessful, you could still claim relief on the costs incurred.
How Much Can You Claim?
The amount you can claim depends on your business size:
- SMEs can claim up to 33% of qualifying R&D costs.
- Large companies using the RDEC scheme can claim 13% of eligible expenditure.
Given the potential savings, Research and Development Tax Credits should be a key part of any business’s financial strategy.
How We Can Help
At Lewis Brownlee, we specialise in securing maximum R&D tax relief for businesses. Our expertise ensures you claim everything you’re entitled to, maximising tax savings.
- Expert guidance on eligibility and qualifying costs.
- Efficient claim preparation to ensure compliance.
- Proven success, with over £3 million in claims secured in March alone!
If your business invests in innovation, don’t miss out on valuable tax relief. Contact us today via our contact page to find out how we can help.
Make sure you take full advantage of Research and Development Tax Credits—your next innovation could be even more rewarding!