R&D Credit Incentives:
In the year 2000, the UK government initiated this scheme to provide incentives to the innovative businesses working for research and development. R&D tax relief put a tax break by the UK government. Both profitable and loss-making companies can claim up to 33% of your R&D qualifying costs and large companies can claim up to 10% of their R and D expenditure. The majority of businesses are unaware of the profit they are missing out on by not claiming R&D credits.