There was a 49% increase in the number of small and medium-sized firms claiming R&D tax credits between 2008/09 and 2011/12, according to data published by HMRC. The data revealed that the number of claims for R&D tax credits made by smaller firms increased from 6,000 to just under 10,000 over this period, with a total of 85,000 claims made since the scheme was introduced in 2000/01. Felicity Burch of the Engineering Employers Federation (EEF) says the data is encouraging and attributes the increase to recent improvements to the Government’s administration of the scheme.
Have you got yours yet? If you feel that you should claim R&D Tax credits or even if you are not sure why not contact us or email us at firstname.lastname@example.org and talk to a knowledgeable advisor who can help qualifying companies claim back tax.