Could Your Company Save With R&D Tax Credits?

This government incentive is designed to encourage companies to invest in innovative projects in science and technology and claim relief on qualifying costs even if the project is unsuccessful.
Those eligible may benefit from huge savings by reducing the amount of profit which is liable for Corporation Tax.

It may come as a surprise for people in many industries that much of the work they undertake to grow their business can qualify for significant tax credits. This tax relief can help fund the technological advances you need to keep your company competitive, by reducing your tax bill or providing you with significant cash back.

  • Is your company attempting to develop a new product?
  • Is your company trying to achieve something that has a level of uncertainty?
  • Is your company modifying an existing product or process?

If you answer ‘yes’ to any of the above there’s a chance you are undertaking qualifying Research & Development.

man working on programming software
CARS team meeting

Case Study

Tax Advantage for Electronic and Mechanical Client

FDT GB Limited, based in West Sussex, specialises in the supply and design of equipment, custom electronics, bespoke systems, redesign, manufacture and service of any type of monitor, CRT or flat screen. An R&D Tax Credit claim resulted in a refund of tax generated and a total tax saving of £…

Read More…

R&D activities are not confined to companies in the technology sector. Claims can be made across a range of sectors including the following to name just a few:

  • Aerospace & Defense
  • Alarms, CCTV
  • Automotive Industry
  • Chemicals, Paints, Adhesives
  • Construction, Building Materials
  • Engineering
  • Environmental Remediation,
  • Software Development
  • Food & Drink Producers & Processors
  • Games, Software Industries
  • Lighting
  • Manufacturing
  • Marine
  • Pharmaceutical
  • Waste Recycling

Please visit our website for more sectors…

Laboratory testing
Get Your Free Assessment Here!

Latest News

  • Business growth plans
    29 September 2022

    Introducing Lee!

    We have big plans for the future at CARS! To help us expand, both locally and nationally we required expert support. To accomplish this level of growth, we’re pleased to welcome our new Head of Business Growth, Lee Parker. Lee has numerous years of experience in business development and brings...
  • Q&A
    27 September 2022

    Behind the Scenes with a former HMRC Inspector

    As part of our specialist team, we are pleased to introduce you to Mark Doodney. Mark works within our technical team and provides invaluable insights into how HMRC may view our approach with particularly technical or quirky cases. Essentially, Mark is key in ensuring claims are processed in accordance...

Contact Us

Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.

Sign up to our Newsletter

I confirm that I have read and agree to the Privacy Policy