January 10, 2024
Ascot Team
Latest Insights
What is R&D Tax Relief?
Research and Development (R&D) tax relief is a government incentive designed to reward UK companies for investing in innovation.
Who Qualifies?
It's not just for scientists in white lab coats. If you're solving a technical problem or creating a new process, product, or service, you might qualify.
The Benefits
SME R&D relief allows companies to deduct an extra 86% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 186% deduction.