If you are a UK-based business performing research and development, you are likely to be able to reduce your corporation tax liability by claiming R&D tax credits – in some cases you may even receive a cash refund. R&D tax credits are a highly effective way to offset some of your costs related to R&D (e.g. staff, materials).
R&D Tax Credit claims are prepared as part of your corporation tax return and can be submitted retrospectively. The key is to maximise your claim by identifying all eligible activities and costs – AAB have a specialist team who can help you get the most out of your R&D Tax Credit claim.
