R&D Tax Relief

R&D Tax Relief is a government incentive that reduces the amount of tax a company pays if it invests in developing new products, services, or processes. It encourages innovation by providing financial support for research and development activities. Essentially, eligible companies can claim back a portion of their R&D costs as tax savings or cash refunds, helping to offset the expenses of developing new ideas. This relief can boost a company’s cash flow and competitiveness, making innovation more accessible and affordable.