R&D tax accountants
Research and development reliefs
The UK Government wants Britain to be a centre for innovative businesses with technology at the heart of what they do which is why it offers generous tax reliefs for R&D.
Though they’re mostly aimed at businesses in the technology sector, from university-based startups to innovators in engineering and design, lots of firms in the creative sector are also eligible.
As long as you are working on a specific project to make some sort of scientific or technological advance, and that project is part of your company’s trade, you may be entitled to make a claim as part of your corporation tax return.
There are various other criteria that have to be met, some of them fairly abstract, but Alchemy can advise on all of that once we know your business better.
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