R&D tax credit scheme

Research and development (R&D) tax credits are a UK government incentive designed to encourage businesses to invest in a scientific or technological advancement.  R&D tax relief is intended to support companies in the UK who are developing new products, processes or services, or making appreciable…

As your business scales up or down, you might not qualify for the same R&D tax credits as before. Changes in company size won't usually affect your SME or large company status until they apply for two years in a row. This is often referred…

EPWs (externally provided workers) are workers who are supplied to a company from an external entity. These workers function similarly to regular employees but are compensated through invoices sent to the third party staff provider, as opposed to being on the company’s payroll. EPWs can…

For profitable companies, R&D tax relief will generally have a positive impact on cash flow by reducing the amount of Corporation Tax payable. For loss-making companies, the position can be more complex. Depending on the company's circumstances and the relief available, the value of an…