R&D Tax Credits

Image of letter from HM Revenue and customs and some cash

 

R&D Tax Credits give Northern Ireland companies a competitive advantage in manufacturing and many other industries.

HMRC reports that for every £1 of tax paid, between £1.53 and £2.35 of research and development is stimulated.

The tax credit scheme provides valuable support to SMEs allowing them to claim a tax credit worth up to 33% of their R&D costs and receive an immediate cash-flow benefit.

 

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