RESEARCH & DEVELOPMENT TAX CREDIT
R & D tax credit benefit enables a company to either benefit from cash payment in the case of tax loss or reduce their corporation tax bill.
CLAIMING
- Reopen previous two claims and receive a revised figure
- Benefits future claims
- GGTC bears all risk and replicates company to HMRC
NOT CLAIMING
- Go back two financial periods based on the year end and one year forward
- Can receive cash or not pay the corporation tax bill
- Claim every year for development related activities
- GGTC bears all risk