What are they?

R&D Tax Credits

Your business could receive a cash payment for investing in innovation

R&D tax credits explained

what are they?

R&D Tax Credits

Your business could receive a cash refund for investing in innovation

R&D tax credits explained

what are they?

R&D Tax Credits

Your business could receive a cash payment for investing in innovation

R&D tax credits explained
innovation

hOW DO

R&D Tax Credits Work?

The definition of Research and Development Tax Credits is much broader than you would imagine. Many businesses believe this to be people in white coats working in laboratories.

Profit-making SMEs obtain an enhancement of 130% on qualifying expenditure which effectively reduces the net cost to £540 per £1,000 of spend.

The SME regime is particularly beneficial for early-stage and loss-making companies, as a tax repayment can be received from HMRC equivalent to 33% of the cost of qualifying expenditure. Therefore reducing the net cost to £667 per £1,000 of spend.

technical

Uncertainty

Has your business attempted to overcome a techncial uncertainty?

If so your projects could qualify for r&d tax relief. 

If your project had a certain outcome then it is unlikely to qualify as R&D.

BUSINESS

Innovation

Creating new products and services or improving existing ones could qualify as R&D.

Utilising advances in science and technology to improve output can mean your company qualifies for tax relief.

Skilled

Pros

A novice web developer who creates a first-time web site would not be considered as R&D.

However, a skilled and experienced developer who creates a unique algorithm could be considered as R&D.

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hOW WE

Save You Tax?

Our specialist tax consultants work with our clients to discover what projects may qualify for R&D relief.

Our initial fact find involves completing a simple online questionnaire. We have a more in-depth chat about your project goals.

We will identify qualifying expenditure and prepare your claim which forms part of the company corporation tax return.

Your business could be owed £000’s

We have helped businesses reclaim tens of thousands in cash

Grab your free ebook and learn if your business could be due £000s in cash

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