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What if some of the R&D work carried out was funded by a grant or subsidiary

It really depends on the terms of the grant / subsidiary. If for example you received a grant for £10,000 but you would be eligible for R&D tax relief of £15,000 then in many cases the logical choice would be to pursue the HMRC tax credit route.

We can discuss viable options with you and advise on what would potentially be best for you and your company.

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