Do Limited Liability Partnerships (LLPs) qualify for R&D tax credits?

Can a Partnership Claim R&D Tax Credits?

No, Limited Liability Partnerships (LLPs), cannot directly claim R&D tax credits because they are not subject to UK Corporation Tax. R&D tax credits are a form of Corporation Tax relief, which means only companies liable for Corporation Tax can claim them. However, if an LLP has corporate partners that are subject to Corporation Tax, those corporate entities may be able to claim R&D tax relief on their share of qualifying R&D expenditure.