Understanding R&D tax credits

This month’s spotlight highlights the advantages of unlocking R&D tax credits for businesses, offering a valuable opportunity for innovation-led companies to reduce their tax liabilities. Tax credits are government incentives designed to support businesses investing in research and development, allowing them to claim back a portion of their R&D expenses. The spotlight explains how R&D tax credits work, addressing common misconceptions, such as eligibility criteria and the types of projects that qualify. It also provides guidance on how businesses can maximise their R&D tax credit claims to fully benefit from this financial relief.