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

“ 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. ”