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
- 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.