Electronics R&D Tax Credits
The electronics sector is worth around £16 billion to the UK economy. And the sector is experiencing tremendous growth. In 2018, the value of the electronics sector grew by almost 13%.Much of that growth is driven by innovation. Research into new products and processes is a vital part of the electronics sector.UK companies in the electronics sector can benefit greatly from R&D tax credits.Electronics R&D tax credits can be used to fund many of the expenses connected to creating new products, including:
- Staff costs
- Software costs
Who can claim electronics R&D tax credits?
Hundreds of electronics firms in the UK have benefitted from electronics R&D tax credits. That’s because almost any electronics company in the UK is eligible.
To be able to claim electronics tax credits, you must:
- Be an electronics firm based in the UK and subject to corporation tax
- Carry out research and development
- Have spent money on research
Our expert team of tax consultants will take you through the entire process, from identifying if you are eligible all the way through to your payment.
We operate on a no-win, no fee basis, So there is absolutely no risk to you. We even offer a FREE ASSESSMENT, so you can easily find out if you are eligible and how much you are likely to benefit from.
How to claim electronics R&D tax credits
Claiming electronics R&D tax credits can be a complex process. That is why RandD Tax are here to help you. We offer a fully comprehensive tax service, to ensure your business benefits from every penny you are eligible to. We want to see the electronics industry continue to grow, and the companies in the sector continue to develop innovative products and processes. We have helped hundreds of companies to claim R&D tax credits. To see how we could help your company, contact us today.
Get in touch today regarding electronics R&D tax credits.