When you think of what a tech business does, pushing the boundaries of new and exciting ideas is one of the first things that comes to mind. Investment in Research & Development (R&D) is therefore key for many tech businesses, and to ensure a sustainable and steady cash flow, R&D tax relief can be an invaluable asset.
Research and Development (R&D) reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects. For a handy overview of R&D, eligibility and how to claim, visit our dedicated R&D page.
Internationalisation is key to the technology sector, with many companies, old and new, tapping into overseas markets as part of their strategic expansion.
This often leads to an increased global footprint for the company and new sources of revenue, but alongside this there will also be new compliance obligations. Taking a pragmatic, organised approach from the outset can minimise these additional tax liabilities or risks. Interested in finding out more? Visit our dedicated International Taxes page for more information.
Tax Partner & Head of Innovation Taxes
Andrew McMillan
Andrew is a Tax Partner and Head of the Innovation Taxes team, focussing primarily on assisting companies with the preparation and submission of R&D claims.
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