Research & Development
The key to running a successful business is to take advantage of any opportunities that are available to you and that includes finding ways to reduce the amount of tax that your company pays.
Since April 2012, SME companies have been able to claim tax reliefs of 225% of qualifying Research and Development expenditure, with no minimum R&D spend required. If your business is a limited company involved in a project which can prove an advance you could qualify for this relief:
Making a claim for Research and Development tax credits can be a complex process and many businesses just don't have the time or resources available. The Lancaster Team can work with you to submit a valid R&D claim so your business can benefit.