{"id":233,"date":"2018-10-08T11:00:53","date_gmt":"2018-10-08T11:00:53","guid":{"rendered":"https:\/\/swoopfunding.com\/au\/?p=233"},"modified":"2024-06-13T14:49:51","modified_gmt":"2024-06-13T14:49:51","slug":"are-you-eligible-for-rd-tax-relief","status":"publish","type":"blog","link":"https:\/\/swoopfunding.com\/au\/blog\/are-you-eligible-for-rd-tax-relief\/","title":{"rendered":"Are you eligible for R&D tax relief?"},"content":{"rendered":"

R&D tax credits are a tax incentive from the U.K government, designed to encourage companies to invest in research and development. The scheme was introduced in 2000 and only Limited Companies qualify for R&D tax relief. This scheme can reduce your tax bill or you can claim payable cash credits as a proportion of your R&D expenditure. Claims must be submitted no later than two years after the end of the year in which the money was spent. Two thirds of the total amount claimed until now has come from companies registered in London, the South East or the East of England.<\/span><\/p>\n

Different options for R&D relief<\/b><\/h4>\n

There are different types of R&D relief depending on the size of your company and whether the project has been subcontracted to you or not:<\/span><\/p>\n

Small and medium sized enterprises (SME) R&D Relief<\/strong><\/p>\n

You can claim SME R&D relief if you\u2019re an SME with:<\/span><\/p>\n