Pcl R&d

Our in-house team of highly qualified tax consultants produce innovative and bespoke strategies tailored to each of our clients’ business. We have over a 25 years of experience working with UK businesses of all sizes and offer support around a number of government schemes including R&D Tax Credits. Research and Development (R&D) tax credits are a government incentive, operated by the HMRC, designed to reward UK companies for investing in innovation. Research & Development tax credits are a valuable source of income for many companies who wish to develop their business. R&D tax credits can also be a used as an investment into further research and development for your company. According to HMRC, “Research and development takes place when a project seeks to achieve an advance in science or technology through the resolution of scientific or technological uncertainty.” Companies which invest money into developing new products, services and processes or enhancing existing ones, are eligible for benefits such as a cash payment, reduction of corporation tax or increase in taxable losses.