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.
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.
There have been some changes have been made to the treatment of trivial benefits. Non-cash benefit can now be made to a director but not as a reward for services which can create savings.