Research & Development Tax Relief

The government created Research & Development legislation as an incentive to encourage businesses that are developing:

  • new products
  • improving existing products
  • inventing new processes
  • creating new systems
  • creating new materials

By increasing the Leeds City Region’s innovation activity there is an opportunity to create new jobs and new business growth.  The R&D Tax Relief legislation is designed to encourage innovative activity.

If you own a limited company that has been trading for more than 12 months then there is a good chance you will be eligible to claim for Research and Development Tax Relief.

Typical claim items include:

  • staff costs
  • materials
  • utilities
  • travel costs
  • sub-contractor costs

SMEs in every sector of Leeds have a need to innovate to remain competitive.

R&D Tax Relief is there to be claimed and we recommend seeking out a local Leeds law firm or accountancy practice for the best results.

 

 

If you plan to buy a product or service for your business in the next 12 months please complete the form below.