Let’s talk about grants –This might affect the amount you receive so it’s important to know about any other form of R&D funding for your business.
R&D tax relief is only one of many innovation funding options available to companies. If an SME receives a grant or subsidy for an R&D project, this may affect how much tax relief they can claim. If the grant is notified ‘state aid’ then the claimant cannot claim under the SME scheme. For any other type of subsidy or grant, the claim is reduced by the amount received.
