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Research and Development Tax Credits are an extremely beneficial tax relief available to UK businesses seeking to improve their products or production processes through an advance in science or technology. A common misconception is that the relief is targeted at ‘men in lab coats’ whereas, in practice, the relief is much broader.  Since the relief was introduced in 2000, research has shown that many businesses do not realise the full scope and potential of the relief so fail to claim all they could, or even fail to make a claim at all..........