Responding to the COVID-19 pandemic – R&D Tax Relief
The dramatic spread of COVID-19 has disrupted lives, livelihoods, communities and businesses worldwide.
Small, medium and large businesses across the UK and abroad are coming together and innovating to minimise the impact on public health and to limit disruptions to economies and supply chains.
We have seen 3-D printing manufacturers adjusting their processes to produce ventilators and respirator components, technology and engineering businesses collaborating in response to the government’s call for help in finding new and innovative ways to clean ambulances faster than ever, breweries turning alcohol into hygiene products, tech businesses supporting local authorities by creating software to connect vulnerable people with health care, telecommunications companies gathering data on how people are moving around so health authorities have the information they need to protect lives and limit the viral spread.
The developments in relation to the field of research and development (R&D) in the past few months across the UK has been significant. And the government is supporting these businesses by offering tax relief to further encourage innovation.
Read our latest briefing note ‘Responding to the COVID-19 pandemic – R&D Tax Relief‘ where we explain more about the benefits of R&D Tax Relief and the government support measures available to promote business R&D and encourage innovation and economic growth.
Please get in touch to find out how you too can get money back for innovation.
Partner, Beavis Morgan R&D Tax Relief