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R&D tax credits

R&D tax credits are the biggest single funding mechanism provided by Government for investment in business R&D.

The credit is made available in one of two ways: either as a tax deduction based on R&D spending or it may be possible for certain loss making small or medium sized companies (SMEs) to surrender their losses in return for a cash payment from Her Majesty’s Revenue and Customs.

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Contact

Andrew Culley
0207 215 5462
andrew.culley@bis.gsi.gov.uk