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Claiming for R&D tax relief is a complex business and one that requires a broad range of knowledge, not only of the R&D being carried out, but also of the very comprehensive guidelines set out by HMRC. While most companies have the first part covered – a thorough understanding of what they do – many find that the trickiest part of the claim process is understanding just what HMRC expects from them, resulting in two main issues - over claiming and being subjected to inquiry or under claiming and losing out on money. So does your manufacturing business have R&D tax relief claims covered? The following questions should reveal the true answer....
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