Talk to us at Love Management Accounts if your business is based in Oxford and Banbury and you are researching or developing an advance in your science and technology field of expertise.
We can work out if you qualify for a claim. In some cases, if your project is unsuccessful it can still be claimed for. The size of the credit is dependent on the size of your company and will depend if your project has been sub-contracted to you or not. You may also be able to claim Corporation Tax relief.
To qualify for R&D tax credit your project must be relevant to your company’s trade.
The research and development project can be improving an existing project, or a new one that will be started up based on the results of the R&D.
If you have designed or are developing a new technical and innovative process, service or product, we can help you find out if your project qualifies.