In these unusual times of pandemic restrictions, many firms are seeing cash flow shortfalls, and every penny counts. Is your business aware of, and taking advantage of, the UK’s generous Research & Development Tax Relief schemes – which can be worth roughly 23p for every £1 of R&D expenditure, and can often be claimed in cash?
Government data suggests that many innovative small companies are failing to claim their full entitlement – or perhaps, any – R&D tax relief. Nearly half of all R&D tax relief granted in the 2019 tax year went to just 7% of claimant companies, even though business data suggests that nearer 50% of innovation that should qualify for R&D tax relief, is conducted by SMEs and new startups.
Did you know, for instance:
Newton Launch Systems Ltd can offer support for making R&D tax relief claims, on a commission basis – so there is only a charge if a claim is made or increased as a result of our support, and you won’t be charged more than the value of your claim regardless.
If you would like to know more about this service, and arrange a free discussion please