The R&D (Research and Development) tax credit scheme is the single largest support for UK business. Introduced by the UK Government in 2000, the scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development.If an innovative company is seeking an advance in knowledge or improving a product or service, and resolving uncertainties in the process, we could recover up to 33.35% on qualifying costs. This means If you spend £150k on qualifying R&D, you could receive up to £50k as an R&D tax credit.R&D tax credits can be claimed on staff costs, subcontractors, consumable materials and equipment, utilities (power, water and fuel), computer software and potentially lots more.The team at Datafox are experts in R&D tax claims. Our service is provided by a team of R&D specialists - comprised of Chartered Accountants and Chartered Tax Advisors. Our goal is to secure the maximum cash repayment for the applicant company, we do this in a hassle-free manner and 100% of our claims to date have been approved by HMRC and paid in full.