The R&D Tax Credit incentive is available in the US, the UK and many other countries. It provides companies with a dollar-for-dollar / pound-for-pound reduction in their tax liability for qualified research and development expenses. Qualified research expenses include activities such as the design, development or improvement of products, processes, techniques, formulas or software.
The benefits of claiming an R&D Tax Credit are considerable and include: increased cash flow, reduced tax liability, increased competitiveness, stimulated innovation, job creation
