Alongside the common misconception that Research & Development is only meant for the guys in the white coats, there is another which implies that to take advantage of R&D tax credits you must be profitable for it to be worthwhile.
As the giving season is on its way and many have already started present planning. We have answered your festive tax questions as it seems the tax man isn’t as generous as Santa.
It is a common misconception that the R&D tax relief is only available to companies who are working in new technologies. This is not the case as the relief is available to any UK based company which spends money on being an innovator.