RE: Nothing upset me more7 Apr 2023 08:46
In addition, the Company is finalising a claim for a Research & Development tax credit, which may provide additional working capital beyond this date.
R&D tax credit rates
SMEs are able to claim up to 33p for every £1 spent on qualifying R&D activities. The average claim made by SMEs in the UK is £57,228 (2018-19).
Large companies are able to claim up to 11p for every £1 spent on qualifying R&D activities. The average large company (RDEC) claim in the UK is £632,931 (2018-19).
Can anyone work out what we claim roughly ?