We work closely with key Oil & Gas organisations
The R&D Tax Credits scheme allows businesses in the oil & gas industry to reduce their corporate tax bill or receive a tax refund based on a proportion of their R&D expenditure.The scheme can be used by any limited company that is liable for corporation tax in the UK and meets the necessary R&D criteria; it can even be used on unsuccessful projects.The work that qualifies for R&D tax relief must be part of a specific project which aims to make an advance in its field. If you are developing a new process, a new product or service, or perhaps even improving an existing one, R&D Tax Credits provide an often vital cash injection for businesses. Since 2010, we have helped thousands of clients successfully claim more than £1 billion in R&D tax relief.