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
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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
Who is eligible for R&D tax relief?
Limited companies that are engaged in R&D activities and are subject to UK corporation tax are eligible.
What activities qualify for R&D tax relief?
Activities that seek to achieve a scientific or technological advancement and address a specific area of uncertainty qualify.
How do I claim R&D tax relief?
Companies can claim enhanced corporation tax deductions against their taxable profits for qualifying expenditure.
What expenses qualify for R&D tax relief?
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.
Can I claim if I’m not profitable?
Yes, companies can claim even if they’re not profitable.
Can I claim for past projects?
Yes, companies can claim for projects undertaken in the past two accounting periods.
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