LHP works with all kinds of businesses at the cutting edge of research and development in South Wales. Particularly Swansea Bay region and also farmers across South West Wales.
We may be able to help with SME R&D tax relief, or if you are a large enterprise, research and development tax credit (RDEC) – a form of relief designed for large companies to encourage innovation. SME’s that have done R&D work on behalf of a bigger firm as a subcontractor, can also claim RDEC.
Talk to one of our R&D experts, to find out how your business can capitalise on the innovative work it is undertaking.
Help for Farmers with R&D Tax Credits
Farmers can use R&D tax credits to inject cash flow into their farms, via the R&D tax credits scheme. To see if you can apply, and for R&D farming examples, we’ve made a short guide below. Our dedicated farming pod is also here to help.
Help for Engineering Businesses With R&D Tax Credits
The R&D tax credits scheme allows businesses in the engineering industry to reduce corporate tax bills or get tax refunds based on a proportion of R&D expenditure. The scheme can be used by any limited company liable for corporation tax in the UK and meets the necessary R&D criteria; it can even be used on unsuccessful projects. The work that qualifies for R&D tax relief must be part of a specific project which aims to make an advance in its field. Our tax team is here to help.
For R&D Tax Relief advice, please don’t hesitate to contact team LHP. Our tax specialists and advisors are based in offices across South West Wales from Cross Hands near Swansea across to Tenby and Haverfordwest. And further north in Carmarthen and Lampeter. We are here to help you!