Summary of the R&D regime

The UK Government recognises that encouraging innovation is a vital component in a strategy for improving the UK’s productivity, performance and competitiveness. As a result, the research and development (R&D) tax credit scheme for small and medium sized enterprise (SMEs) was set up to fund and encourage greater innovation in the UK.

The aim of the regime is to help SMEs fund their R&D activities and companies can claim up to £33 for every £100 they spend on qualifying R&D.

To find out more or assess your eligibility, contact us on 0800 0853 055 or email support@niftyforms.co.uk.

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