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Research & Development

Download our fact sheet on Research & Development here.

15 March 2023

Research & development (R&D) by UK companies is being actively encouraged by Government through a range of tax incentives. The government views investment in research and development as a key to economic success. It is therefore committed to encouraging more smaller and medium sized (‘SME’) companies to claim R&D tax relief.

The incentives are only available to companies and include:

• increased deduction for R&D revenue spending and
• a payable R&D tax credit for companies not in profit.

The government is committed to improving access to R&D highlights the need for more SME companies to understand what relief is available and how the process of claiming tax relief works. Recent changes to R&D scheme rates have increased the relief available so a clear understanding is needed to ensure that companies are aware of how the tax rules work.

Download the full factsheet here.

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Key contacts

Chris Walklett

Tax Partner

01905 732113

Email Chris

Jon Sparkes

Tax Partner

01752 234340

Email Jon