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The HMRC definition is –
“The advance in science and technology must involve resolution of a scientific or technological uncertainty”
Most people think this means men in white coats with microscopes. The reality is that R&D activity is something that requires significant brain power and expertise and is usually about solving industry or sector wide problems, such as making products, services or processes substantially faster, significantly reducing costs or using new material. It is important to realise that even abortive, failed projects can qualify for tax rebates.
We can explain more at an initial meeting.
Your Company could claim a Research and Development tax credit cash benefit if it has been:
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