New R&D tax credits available

The Chancellor also announced in the March 2013 Budget reform to R&D tax relief through the ‘Above The Line’ (ATL) R&D credit.

In many circumstances it may be likely that the benefit is no longer accounted for in the tax line but instead offset against the R&D expenditure. This treatment is more appropriate where the credit is more like a government grant than an income tax deduction.

We have considerable experience in assisting companies with making R&D claims as well as extensive knowledge of the legislative environment. Having worked with Her Majesty's Revenue and Customs (HMRC) for a number of years, we can guide you through the claim process to ensure your claims are submitted correctly. Please click here for more information.