R&D Tax Credits Manchester | R and D Tax Credits | Business Finance
R&D tax credits are a valuable form of tax relief for UK businesses. In short, a company seeking advances using any technologies and working with scientific principles (trial and error) could be in line for a substantial monetary return from central government.
Typically for every £100, 000k spent on business projects, you would receive either a £26, 000. 00 reduction off your tax bill (when company is in profit), or, you will receive an immediate cash rebate of £33, 350. 00 if operating at a loss.
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