R&D Tax Credits are a set of regulations introduced at the turn of the century that allow companies to offset the cost of their expenditure on research and development activities against their corporation tax.
The underlying thinking that spurred their introduction was that research and development fuels new products and services that are good for the economy as a whole.
RandDTax Doncaster - Why companies miss out on R&D Tax Relief
Imagine being able to take the power of the sun or the wind and to convert it into heat energy through a process where NO carbon emissions are produced.
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