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Keep in touch with the GGTC blog for all the latest news and information on R&D Tax Credits plus regular support articles and case studies.

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R&D Tax Credits: Tax Claim & Renewal Processes in UK

Posted by GGTC on 14/09/16 14:03

Being eligible for a R&D tax credit claim can be a great thing, but it is also something you do not want to get wrong.

For example, claiming a credit you are not actually entitled to could mean that you end up having to pay back money to the authorities at a later date.

There may be penalties and interest added on, as well. But if you do things the right way, you could get as much as 32% of your development costs back as a tax credit.

For companies that do a lot of R&D, that is a significant amount of money. There are ways to see if you qualify, but having some help is a great idea to make sure a mistake is not made that could really cost you.

How Tax Claims can help SMEs in the UK

Posted by GGTC on 17/08/16 12:00

 

As painful as taxes can be, there can be a silver lining when it comes to what can be written off.

With this being said, here's a look at how Research and Development (R&D) help SMEs reap rewards in regards to their tax claim.

R&D Tax Claims in the UK: Are You Missing Out?

Posted by GGTC on 10/08/16 16:00

 

What is the R&D Tax Credit?

Up to 32.63% of every pound you spend on research and development on behalf of your company is eligible for a credit on your corporate tax return.

Has your business been missing out on this benefit?

How Can Research and Development Benefit Your UK Company?

Posted by GGTC on 10/08/16 12:00

 

Research and development tax credits in the United Kingdom (UK) is a well-rewarded enterprise as long as the company that is conducting the experiments meets certain criteria.

Here are some of the benefits that taking on the risk of R&D may give to you.

Eligibility Criterion For Businesses: Tax Credits

Posted by GGTC on 03/08/16 12:00

 

If you are conducting R&D experiments in the UK, you may be eligible for substantial tax credits based on the research that your company is doing. 

Below we will go into more detail about how to get these tax credits using the following subsections:

Is Your UK Company Eligible For An R&D Tax Credit?

Posted by GGTC on 13/07/16 14:30

The United Kingdom Research & Development Tax Credit rules, simplified.

The Research and Development Tax Credit Scheme (also known as R&D tax credits) was introduced in the United Kingdom in the year 2000 for small and medium enterprises (SMEs), in order to allow any company carrying out R&D to claim back some of the funds spent on research and development. Although there were some amendments announced in the 2016 Budget the essence of the scheme remains unchanged.