Eligibility for R&D Tax Credits in the UK: A Comprehensive Guide
Determining your eligibility for R&D tax credits is crucial because many companies underestimate their chances of qualifying. We speak to companies every day who assume R&D incentives “don’t apply” to them – in reality, the definition of R&D for tax purposes is broader than you might think.
If your business is attempting to overcome scientific or technological challenges, there’s a strong chance you could qualify for a valuable tax reduction or cash credit. By understanding the eligibility criteria and confirming your R&D tax credit eligibility, you ensure your company doesn’t leave money on the table. In a competitive market, this funding can be a game-changer for SMEs and larger enterprises alike, improving cash flow and enabling further innovation.
Sector Eligibility for R&D Tax Credits in the UK
R&D Tax Credits are not limited to high-tech or scientific fields. If your business is innovating in any meaningful way, you could qualify. Sectors we commonly support include:
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Manufacturing and engineering
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Software and IT
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Construction and architecture
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Food and beverage
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Pharmaceuticals and life sciences
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Renewable energy and cleantech
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Financial services and fintech
Whatever your industry, FI Group can help assess your eligibility with sector-specific expertise.
