Are you feeling confused by the minefield that is Tax Credits? In this blog we explain how to determine if your business is eligible.

Research and Development Tax Credits (R&D) is an incentive for businesses that are investing in innovation by developing new products or improving existing ones. The Tax Credits allow you to then claim back through the scheme reducing your tax bill. But before you get started you first need to be eligible…

The points you need to qualify for is

• You already have a limited company in the UK that is subject to Corporation Tax
• You have spent money on R&D projects
• You have carried out qualifying research and activities

Tax Credits are open to any business who meets these criteria. If you are still unsure if you’re eligible to claim R&D, then the team at Genesis Tax are always here to assist and provide you with the information you need to get the ball rolling. Please call 01388 240140 or email us at info@genesistax.co.uk