How can your company benefit?
From April 2012, companies will be able to deduct up to 225% of qualifying expenditure when calculating their profit for tax purposes. What's more, you can claim R&D tax relief on expenditure that's up to three years old.
The precise size of the tax credit will depend on the size of your company, its tax rate and how many of your activities are eligible. Smaller companies, for example, can claim at a higher rate and qualify for extra financial support if they're loss making.