What is R&D Tax Relief

R&D Tax Relief is a corporation tax relief introduced by the UK government in the year 2000 to reduce corporation tax liability or provide a payable cash credit to innovative businesses.

Incentivising Innovation

R&D Tax Relief reduces corporation tax for companies advancing science and technology through research and development.

Eligibility and Costs

Projects addressing technological uncertainties may qualify, with eligible costs including staff, subcontractors, and consumables.

Claims Optimisation

Our team ensures your claim meets HMRC guidelines, maximising benefits and providing full compliance support.

Sectors we work with

We acknowledge every industry has its own unique technical and business challenges thus requiring a tailored consultancy approach.

Software Development

Agricultural
science

Precision
engineering

Software Engineering

Construction Science

Civil Engineering

Fintech

GreenTech

What qualifies?

To qualify for R&D Tax Relief, a project must aim to make advancements in science or technology by addressing specific technological uncertainties.

For detailed guidelines on qualifying activities, see the official HMRC guidelines.

HMRC's Guidelines

Man writing contracts next to chart graphics

What costs can be included in a claim?

Externally Provided Workers (EPWs)

Workers supervised by company staff but employed through an agency, not on company payroll.

Staff

Salary, Employer’s NIC, Employers Pension Contributions, Bonus Payments and Reimbursed Travel Expenses for R&D.

Relevant payments to clinical trials

Payments made to the subject of the trial in return for their time participating in the trial.

What costs can be included?

Consumable Costs

Consumable items consumed or transformed in activities constituting R&D for tax purposes (water, fuel, power).

Contractors

Relevant payments to subcontractors for undertaking qualifying R&D activities

Software License Costs

Software used in activities recognised as R&D for tax purposes, vital for development.

How much can your business claim?

Once qualifying expenditure has been calculated across each cost category your R&D benefit is calculated as a % of total qualifying expenditure and varies depending on the scheme(s) you are claiming under.

Type

SME R&D Tax Relief

RDEC (Research & Development Expenditure Credit)

Merged Scheme

Enhanced R&D Intensive Support

Before 1 April 2023

After 1 April 2023

Before 1 April 2023

After 1 April 2023

Since 1 April 2024

SME

Profitable

Up to 24.7%

Up to 21.5%

10.5%

Up to 16.2%

SME

Loss Making

Up to 33.35%

Up to 18.6%

10.5%

15%

16.2%

R&D Intensive SME

Loss Making

Up to 27%

Type

RDEC (Research & Development Expenditure Credit)

Merged Scheme

Before 1 April 2023

After 1 April 2023

Since 1 April 2024

Large Company

Profitable

10.5%

Up to 16.2%

How can we help?

We are client centric and tailor an efficient and custom process based on your company’s business model and industrial domain.

Ensuring HMRC’s requirements are strictly adhered to and any claim submitted is defensible in the event of a compliance check.

Talk With Our Team

Our Process

01.

Kick Off

Initial introductory call to allow our team to tailor an efficient and custom scoping process based on your company’s business model and industrial domain.

02.

Technical and Financial Calls

Meeting with your technical and finance teams, either in short catch ups across the accounting periods or in one off in-depth sessions. This will allow us to collect the necessary preliminary information to conduct our in-house analysis.

03.

Our Analysis

We conduct our in-house analysis and generate fully bespoke technical and costing assessment methodologies that proactively address HMRC’s compliance requirements. We finalise our submission package and are ready for submission to HMRC.

04.

Submission

Following sign-off, the claim is submitted and we are in the driver’s seat following up with HMRC should they have any queries or questions.