R&D Tax Relief: Making the most of it
23 May 2017
The Government continues to support innovative businesses by encouraging companies to apply for
R&D tax relief and increasing rates of relief.
R&D is broadly defined for these purposes as activities carried out that “seek an advance in science or technology, through the resolution of scientific or technological uncertainty”. The advance may be in the development of a product or a process and may include software developed internally.
It is a common misconception that only companies operating in certain sectors are eligible for this relief. We have worked with companies of all sectors and sizes to successfully claim the relief, including life sciences, manufacturing, marine, civil engineering, aerospace and defence and software.
Download our report below to find out the benefits of R&D tax relief, how to make a claim and how BDO Northern Ireland can help you.