Research and Development (R&D) tax credit relief by the Government of the United Kingdom is becoming increasingly popular among UK businesses as more companies explore its benefits. However, there are many businesses that, due to a lack of expertise in R&D tax credit regulations and eligibility rules, consistently leave cash on the table. In addition to lack of expertise, there is also another factor that contributes to businesses losing cash; and that is choosing the wrong tax credit consultant. A knowledgeable and experienced R&D tax credit consultant can simply have a make-or-break effect on a company’s ability to obtain the tax credits for its R&D operations from the HMRC.
The following infographic offers an overview of key issues governing R&D tax credits in the UK and offers insight on what you should be looking for in choosing a tax credit consultant: UK Biz Time: How to Prepare for R&D Tax Credit Relief