Research & Development

The government’s research & development tax incentives are designed to encourage UK companies to invest in research and development projects, leading in turn to greater innovation.

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care of your claim

Research & development tax relief may reduce your company’s tax bill or you may receive
a payable tax credit from HMRC.

Research & development tax credit guide

Are you completing R&D tasks? If you are undertaking research & development within your business, you could be eligible for a tax claim. Our team of experts will collect and review the information of your activities and compile a case for your claim which will be presented to HMRC. Once submitted to HMRC, they will look at the claim and determine whether you are eligible.

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How can we help

Let us help you with your research & development  Claim and get your business the funds from HMRC quickly and efficiently! Our team of experts, including Chartered Accountants, will gather all the information required for your claim so you don’t have to worry.

Consultation call

Send us your details and we’ll book you in for a consultation call

Business Claim

We’ll then put your claim together for your business

Payout

If you are eligible you’ll then receive your payout

Who qualifies?

The following sectors most frequently claim but this is not limited; Agriculture, Construction, IT & Software, Architecture, Food & Drink, Manufacturing, Care Homes, Hospitality, Science & Medicine.

If you’re unsure whether you qualify, speak to us today and we’ll check for you!

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    Frequently asked questions

    Work that advances overall knowledge or capability in a field of science or technology, and projects and activities that help resolve scientific or technological uncertainties, may qualify for R&D relief.

    To find out if a company is an SME for R&D tax relief purposes we look at:

    • staff headcount (less than 500)
    • either turnover (€100m) or balance sheet total (less than €86m).

    When accounts are prepared in sterling, convert the turnover and balance sheet totals to euros, using the exchange rate for the balance sheet date.

    Sometimes, a company will have to take into account its own data, a proportion of a partner enterprise’s data or the data of a linked enterprise. There’s more about partner and linked enterprises on the next page. If your company has no external investors and isn’t in a group, you only need to count your own company data.

    SMEs that subcontract qualifying R&D activities can claim tax relief on 65% of the payment to the subcontractor. SMEs undertaking qualifying R&D for large companies may claim under the RDEC Scheme.

    There are some great business plan templates online or our template which we’ve created within our own resources. If this is your first time creating a business plan, we recommend using a template as guidance.

    The famous saying, “fail to plan, then plan to fail” is certainly true, and the more detail you include within your plan, the more it will help you throughout. It’s important to continuously review, reflect and update with changing times. Also, if you require a form of investment or borrowing, the more detailed the plan, the more confidence you will be able to give investors and lenders

    SMEs may also claim relief under the RDEC scheme if they cannot claim under the SME scheme because of a grant or subsidy, or because they are carrying out subcontract R&D for a large company.

    Direct and externally provided staff, subcontracted R&D, consumables, software, trials, prototyping and independent research costs may all qualify for R&D relief. Capital expenditure does not qualify under this scheme, nor does expenditure on the production and distribution of goods and services.