Valiant & Stone are consultants helping SMEs to remain competitive, grow and innovate. We specialize in the HMRC R&D tax credit scheme for businesses.
Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to invest in accelerating their R&D, hiring new staff and ultimately growing. Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief. If you’re spending money on your innovation, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction. The scope for identifying R&D is huge. R&D can take place in any sector. It occurs in everything from cheese-making to chemical engineering, and construction to digital development. The government’s R&D criteria are purposefully broad. Whatever size or sector, if your company is taking a risk by attempting to ‘resolve scientific or technological uncertainties’ then you may be carrying out qualifying activity.
We are technology and innovation experts and can help your business recover paid corporation tax from HMRC.