HMRC allow you to offset expenditure on building improvements and some fixtures and fittings against your tax bill. You don’t have to be a limited company, just as long as you are paying tax in the UK. You need to own the building and it needs to have a value above £250,000.
If you do, then the next test is more subjective – capital allowances are available on permanent improvements. Imagine you could turn your building upside down and shake it. Anything that drops out is not included, everything that sticks might be.
Research and Development Tax Credits are awarded to businesses that invest in innovation. This can be in the form of developing new systems, processes, products, materials, devices or simply any change to how your business works. This means it is highly likely your company are doing it without even realising. NDM Finance are market leaders and specialists in R&D tax credits, with an average client benefit of £59,000 to date. NDM works closely with you to ensure you receive the maximum entitlement through R&D tax relief.