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What is the research and development tax credit?

Research and Development Tax Credit. Research and Development (R&D) Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure.

What is the research and development (R&D)Tax Credit?

The R&D tax credit is for taxpayers that design, develop, or improve products, processes, techniques, formulas, or software . It's calculated on the basis of increases in research activities and expenditures-and as a result, it's intended to reward companies that pursue innovation with increasing investment.

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