The following piece was originally published in UMi
Over the last several years in the UK, the research and development (R&D) tax credit programme has gained popularity and the number of claim submissions continues to increase year on year.
The programme is specifically designed for high-growth small and medium-sized companies, as well as those who have incurred significant costs by investing heavily in developing new, or significantly improving existing, technology, techniques, formulas, software, and services.
The R&D tax credit programme was developed to encourage greater R&D spending, with the goal of increasing innovation within the economy. You can read this piece in its entirety on weareumi.co.uk