R&D tax Credits

What is R&D tax relief and who qualifies?

"The R&D tax relief scheme is a UK government initiative designed to drive innovation and provide financial support to limited companies engaged in research and development activities. The scheme is divided into two categories: the Small Medium Enterprise (SME) scheme and the Research and Development Expenditure Credit (RDEC) scheme for larger companies. To be eligible for R&D tax credits, a company's project must aim to achieve a scientific or technological advancement and address a specific area of uncertainty. The project should demonstrate innovation and seek to resolve a technical challenge. If eligible, a company can claim enhanced corporation tax deductions against its taxable profits for qualifying expenditure. This scheme is a valuable incentive for businesses to invest in research and development, fostering innovation and growth in the UK."

Helping your business meet the qualifying criteria

We successfully help businesses claim for R&D tax relief that are

investing in projects, products or processes that result in improvements

developing a new product/service or enhancing existing products or processes

investing in a product or service to make it more efficient, cheaper, or more sustainable

undertaking activities that are central to the business or making an investment in back-office operations

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Benefits of applying for R&D tax relief

  • Aids cashflow
  • Allows for further investment into your business
  • Allows for investment in your staff
  • Opens opportunities for other business decisions otherwise out of reach
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Meet Our Experts

Ella Stark

R & D Tax Relief Expert

Harriet Bailey

Director of R & D tax Services

Melinda Schiller

Service Development Director

Frequently Asked Questions

Limited companies that are engaged in R&D activities and are subject to UK corporation tax are eligible.

Activities that seek to achieve a scientific or technological advancement and address a specific area of uncertainty qualify.

Companies can claim enhanced corporation tax deductions against their taxable profits for qualifying expenditure.

Qualifying expenses include staff costs, software, equipment, and consumables.

The amount depends on the scheme (SME or RDEC) and the company’s expenditure on R&D activities.

Yes, companies can claim even if they’re not profitable.

Yes, companies can claim for projects undertaken in the past two accounting periods.

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