Research Tax Considerations

R&D Tax Considerations

Do you know your SME could be entitled to some serious tax concessions?

Essential Product Development for Engineers

Research Tax Considerations: You could be entitled to big savings 

Find out about tax incentives and R&D. Government encourages R&D activities in small manufacturers by offering tax relief. The more R&D you do, the more lucrative the tax relief is. The value of the relief is quite generous and well worth receiving, as it significantly reduces the actual cost of undertaking the R&D in the first instance. In-turn this reduces the risk to your business.

In the UK (where this website is based), HMRC (the government department responsible for tax, relief and credits) sets out a range of useful info on their website – R&D Relief for Income Tax.

Useful information includes...

1. What types of projects qualify for R&D relief?
2. How much R&D relief can small manufacturers claim?
3. How and when to claim R&D tax relief

We look at UK, US and Canadian R&D Tax Credit Options below. Many other governments offer similar schemes. As always, it would be great to hear details about equivalent schemes from other nations.

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U.K. R&D Tax Credits

Research Tax Considerations: UK Tax Credits Explained, including how you can benefit 

UK R&D Tax Credits Simple - R&D Tax Relief Overview (Courtesy of GGCT)

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U.S. R&D Tax Credits

U.S. Research and Development Tax Credit

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U.S. R&D Tax Credits (Courtesy of AmCorp Management Inc)

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 Canadian R&D Tax Credits

What's New with R&D Tax Credits?

Everything you need to know about SR&ED Tax Credits 

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