Businesses have golden opportunity for investing Innovation by Research and Development Credit
DNS accountants is providing you all details about research and development tax credit. For more information visit here: https://www.dnsassociates.co.uk/r-&-d-tax-credit
DNS accountants is providing you all details about research and development tax credit. For more information visit here: https://www.dnsassociates.co.uk/r-&-d-tax-credit
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How R & D <strong>Credit</strong> Working?<br />
If you are eligible <strong>for</strong> R & D tax credit; you can claim last two year after the<br />
completion of your current year. For example when you will complete your year<br />
2018 you can claim <strong>for</strong> the year of 2017 <strong>and</strong> 2016. It will be calculate according to<br />
your spend money in 2016 <strong>and</strong> 2017. Qualifying expenditure is identified <strong>and</strong><br />
enhanced according relevant rates. It will be depend on your status if you are<br />
profitable than it will deduct from profitable tax. It will give you corporation tax<br />
reduction if you are profitable otherwise you can claim <strong>for</strong> cash credit if you are<br />
making loss.<br />
Is your Business Eligible <strong>for</strong> R & D Tax <strong>Credit</strong>?<br />
Many businesses think that they are not release that they eligible <strong>for</strong> R & D tax<br />
credit <strong>and</strong> they did not claim <strong>for</strong> the R & D. It has been existence last 15 years <strong>and</strong><br />
nearly £2 billion per annum is currently being claimed.
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