Skills Development
The process of identifying skills gaps and developing and honing these skills.
Skills development funds within your business may be allocated towards the use of expansive Research & Development.
Tax advantages for your business
It’s possible to offset your Corporation Tax (CT) bill against research and development. To qualify for Research and Development (R&D) tax relief, your company must be liable for CT.Practical Application Example
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R&D projects will only qualify if they seek to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty. The project must also relate to your company’s trade. ”
