Many UK businesses may be eligible for R&D tax credits through government support. Check today to see if your innovations qualify and benefit every year.
Our R&D tax experts will review your case and outline the next steps.
If your projects qualify, we’ll ensure you receive the tax credits you deserve.
As a limited company subject to UK corporation tax, you can benefit from R&D tax credits, a government-supported incentive that reduces your tax bill and encourages investment in innovative projects. R&D involves solving problems in new ways or overcoming challenges without straightforward solutions, including creating or modifying products, processes, devices, or services. Even unsuccessful projects or those undertaken for a client can qualify for R&D tax credits.
If your business has incurred expenses pursuing scientific or technological advancements, you might be eligible to reclaim a significant portion of those costs.
The FCA says you may be affected by the issue if:
Over 75% of companies who contacted us didn’t realise they qualified for R&D tax relief. R&D doesn’t mean reinventing the wheel; it’s about solving new problems or overcoming complex challenges. If you’ve incurred any of these costs and haven’t claimed them yet, we can help you find the right agent. There are no upfront costs until a claim is successful.
Experience confidence with your R&D tax credits claim handled by qualified agents. We connect you with experts who ensure your claim is managed efficiently and benefits are maximised.
We connect you with seasoned tax advisors who specialise in R&D tax credits. They expertly navigate tax laws to maximise your claim's success, focusing on innovation and growth.
Our partners connect you with an R&D tax specialist who offers free advice. Understand the process better and make informed decisions about your claim.
We connect you with advisors who pride themselves on transparency. They keep you informed, ensuring you understand the progress and expected outcomes of your claim.
Our partners are committed to securing the highest tax relief for your R&D activities. Our experts ensure you receive the full benefits under the tax credits scheme.
If your project involves overcoming technical challenges that experts in the field also find challenging, it likely qualifies for R&D Tax Credits.
You can claim R&D Tax Credits up to two years after the end of your accounting period.
HMRC aims to process claims within 40 days, but the time may vary based on the claim's complexity and the time of year.
If you're an SME doing R&D work as a subcontractor for a large company, you must claim under the RDEC scheme, not the SME scheme.
If your R&D project receives grant funding, you may be restricted to claiming under the RDEC scheme, which could affect the financial benefits.
Yes, it's worthwhile for SMEs to claim R&D Tax Credits, as profitable SMEs can reduce their corporation tax or claim a payable tax credit if they're loss-making.
Loss-making SMEs can carry the loss forward, carry it back, or surrender it for a payable tax credit at a rate of up to 18.6p for each £1 of qualifying expenditure.
Large companies claim through the RDEC scheme, which is now available even to loss-making companies and is paid net of tax. The current RDEC rate is 20%.
You are not eligible for R&D tax credits as your business is not subject to UK corporation tax. For further assistance, please contact us.
You are not eligible for R&D tax credits as no innovation has taken place. For further assistance, please contact us.
You are not eligible for R&D tax credits as no technical challenges were addressed. For further assistance, please contact us.
