Since it was established in 2000, the government's research and development tax credit incentive has rewarded companies prepared to invest in innovation by granting relief on all qualifying spend.

Whilst most well researched claims are successful, confusion over the relationship between grant funding for R&D activities and the claiming of relief on R&D spend has long been a stumbling block for many companies.

This article shows how it is possible for a company to receive grant funding and still claim, whilst unravelling the complexities of funding structures involving grants.

With helpful and practical advice from Lisa-Marie Smith, director and Malcolm Henderson, technical specialist, this is essential reading for anyone advising clients on making an R&D tax credit claim.