What are R&D tax credits?

About the R&D tax credit scheme
and how it benefits your company

The R&D tax credit scheme is a UK Government initiative used to reward companies that carry out innovative projects and activities.

A qualifying company can make an R&D claim every financial year (and retrospectively for 2 years) and receive a payout that is calculated as portion of the amount it hasspent on innovative activities - their R&D expenditure.

Almost any type of company can make a R&D tax credit claim, providing the activities used to claim meet the government's criteria for being innovative. The two main criteria are the 'advancement of knowledge' and 'resolution of technical uncertainty'.

Read more

The scope of qualifying activities can include product development, process improvements, testing, experimentation, software development and many others.

R&D expenditure can include staff salaries, pensions contributions, subcontractor costs, consumables, components for prototypes and software licenses.

Find out more about how your company could benefit from the R&D Tax Credit scheme below.

 

  • Is my company eligible for R&D tax credits?

    Is my company eligible for R&D tax credits?

    The government’s criteria for what projects qualify for R&D claims is broad. The project (which can take place in almost any sector) should advance knowledge in the field through ‘resolution of a technological or scientific uncertainty’.

    We bring our expertise to bear by applying these dry rules to the real-life activities of your business so that you claim everything allowable under the legislation, while not including anything that is not allowed.

    Find out more
  • How much can my company claim?

    How much can my company claim?

    Your claim amount could be as high as 33.35% of your R&D expenditure. The final amount will depend on a number of factors including: The amount invested in qualifying activities, whether you are profitable or loss-making and other factors.

    As one of our clients, you will benefit from our team’s in-depth expertise in getting the most value from your R&D claim.

    Find out more
  • How do I claim?

    How do I claim?

    The first step towards claiming R&D Tax credits is to confirm whether your company qualifies. We can answer this through a brief phone consultation at no obligation to you.

    Our tried-and-tested claim process will maximise the value of your claim and eliminate any risk of the HMRC querying or penalising you for claiming incorrectly. Contact us to book a free eligibility consultation.

    Find out more