While you are busy in looking for existing and new products, did you know that your research and development can generate generous tax break ? You’re not alone if you didn’t.

Many companies do not notice that they are sustaining eligible expenditure and many potential claims are missed regarding this.

Government encourage companies to invest in R&D activities in the form of incentives by claiming R&D relief on qualifying costs.

The relief is available as long as the qualifying R&D has been undertaken and it does not need to be successful in order to qualify for the relief which are outlined in the rates of the relief.

You can claim back money from HMRC, companies may often be eligible for the credits but most of them don’t even realise it. Latest figures show that HMRC paid out £800m in R&D credits to over 16,000 small and medium sized companies recently, an average of £50k per claim.