In this second podcast on Research & Development Tax Reliefs, we cover who can claim this generous UK tax incentive.
The R&D tax relief is administered via the UK corporation tax regime so, in essence, if your company is required to file a UK corporation tax return (posh term - 'CT600'), then you are potentially within scope for this tax relief.
Other less common eligible examples include:
Sole traders and partnerships are not in of themselves eligible for the R&D tax incentive.
95% of readers will have a UK limited company which means that the door is more than likely open to claim R&D tax reliefs - just need to identify qualifying activities and costs.... (more on these matters in future episodes!).
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We are delighted to introduce this new podcast on R&D Tax Credits to the BusinessN2K network of specialist podcasts aimed at informing and educating UK entrepreneurs.
This new podcast will provide short snappy summaries on the ins-and-outs plus case-studies on how the Research and Development tax relief might benefit your company - aimed at companies at all stages of the business life-cycle from startup through to international group.
In this introductory podcast we discuss:
Listen or download the audio below: