R&D Incentives Savings Available
Maximising available R&D grant and credit supports can significantly reduce the cost of carrying out R&D for your company, with the savings typically being in the order of circa 33% for large companies and 50% or more for SME’s.
Additionally, the tax payable on profits derived from IP created as a result of your companies R&D can be effectively reduced by up to 50%.
The key to maximising the savings is to understand at what point in the project lifecycle these supports should be considered. At BDO we can help you to map this out and ensure no savings are missed.
This simple chart highlights some of the key supports available across the project lifecycle, as well as the key benefits associated with such supports.