In the UK, many businesses are working on researching and developing new technologies, but failing to claim relief. Ensuring you’re aware of the potential returns available in your sector is imperative at a time when the financial implications offer such a cause for concern.

Want to know whether claiming R&D tax credits is worth your time and effort? Here are the five stages that will help you get an idea of how much benefit your business might receive.

The exact figure you can claim in R&D tax credits will depend on a variety of factors, such as the size of your company, its tax rate and how many of your activities are eligible. You can however get a rough idea of how much your claim might be worth before you get the process started.

Article originally published on SBNN

Read the full article here