Research and development (R&D) tax relief was introduced by the UK Government to encourage UK companies to invest in more innovation-focused projects and maintain the country’s position as a global leader in science and technology.
A recent article shared by Scottish Legal News discusses the the Patent applications originating from Scotland continue to grow, according to the latest data released by the European Patent Office (EPO).
R&D tax relief exists to support companies attempting to move their industry forward, achieving an advance in a field of science or technology through the resolution of scientific or technological uncertainties.
When it comes to R&D tax relief, at ABGI UK we hear a lot of fake news, and we don’t like it. R&D tax fake news can misinform eligible businesses, leading them to wrongly believe that R&D tax credits aren’t for them.
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