R&D Tax Relief

Can your business claim R&D tax relief?

If your business is carrying out R&D you could reduce your tax bill by claiming relief for some of your R&D expenditure. There are two systems in place;  R&D tax allowances; and R&D tax reliefs. R&D tax reliefs are only available to businesses subject to corporation tax while R&D tax allowances are available to all businesses that have a qualifying R&D spend.

Visit www.nibusinessinfo.co.uk/rdtax for detailed information about what is meant by R&D for the purpose of these reliefs, what types of expenditure can qualify for relief, details of the R&D tax relief schemes available for small and more established businesses and an explanation of R&D tax allowances.