Environmental R&D Tax Credits
With the UK government committed to reaching carbon neutral status by 2050, there is a lot of momentum behind the environmental industry in the country. The industry is driven by innovation and development of new products and processes. Whether this is more efficient wind energy, tidal generation, methods of agriculture or improved battery storage, there are many ways the environmental industry continues to develop and improve. However, with developing new products comes risk. But, at RandD Tax, we can help alleviate that risk. We have helped hundreds of companies claim R&D tax credits, which can be used to fund the vital research and development that helps industries to thrive. These tax credits can be used to fund:
- Staff costs
- Software costs
Can I claim environmental R&D tax credits?
Most companies involved in the agriculture or green energy industries will be able to benefit from environmental R&D tax credits.
To qualify, you must:
- Be a limited company, subject to corporation tax
- Be involved in researching new products or processes
- Spend money on research
R&D tax credits can either take the form of a direct cash payment or reduction in corporation tax. Either way, this frees up vital funds to spend on projects to potentially develop the next big thing in the environmental industry.
At RandD Tax, we provide a fully comprehensive tax service, on a no win, no fee basis. There is no risk to you in making a claim, and your company could benefit from substantial research funds.
How to claim environmental R&D tax credits
Making a R&D tax credits claim directly to HMRC can be a complex process. That is why RandD Tax are here to help. We have the knowledge and experience to process these claims, leaving you free to concentrate on your business.
The environmental industry is sure to continue growing, as investment in green energy and other sectors increases. And as businesses continue to innovate, they should continue to benefit from this.
We have helped hundreds of companies to claim R&D tax credits.
To see how we could help your company, contact RandD Tax today. Or read this case study about companies that benefit from R & D tax credits.
Get in touch today regarding environmental R&D tax credits