R&D Tax Credits

Are you missing out?

If you’re undertaking research and development, then you could be eligible for R&D tax credits, meaning you could benefit from a reduction in your tax bill, or cash back from HMRC direct into your bank account.

Don’t let your business be one of the many eligible small businesses missing out on this government tax relief scheme. Allow us to explain and walk you through it!

R&D tax credits explained

R&D tax credits are a government tax relief to support companies working on innovative projects in science and technology.

It can be claimed by businesses seeking to research or develop an advance in their field.

Latest figures show that HMRC paid out £800m in R&D credits to over 16,000 small and medium sized companies last year, an average of £50k per claim. Companies in London and the Southeast made the majority of these claims.

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Are you eligible?

Ask yourself if any of these criteria apply:
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You’ve spent money on a project which contains technical uncertainty.

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You have experimented with new equipment or manufacturing and production technology.

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You have a staff headcount of under 500.

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You’ve used technology to develop new software, services or products.

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You have tried to advance your services through new technological breakthroughs.

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You have a turnover of less than €100 million.

The benefit of claiming

The biggest benefit of an R&D claim is receiving tax relief in the form of 230% of your qualifying R&D costs.

That’s cash credit directly to your bank account, or a reduction in your tax bill of roughly 20-25% of the amount spent directly on R&D.

Another benefit is that the relief applies to all projects, including those that may have been unsuccessful. And you don’t have to be a profitable business: Loss-making or businesses that break-even may also qualify for a payable tax credit of up to 33% of your qualifying R&D costs.

Want to know more?

Want to submit a claim but not sure of the best way?

Visit our knowledge base for more key facts as well as our tips for preparing your claim.

Show me tips

“The R&D claim they recommended and helped us apply for, has covered their charges for the next 3 years, which is just one example of how their services have been shown to be a rewarding investment.”

– Ben Iceton, Director, Heed Software

How we work

It’s our job to help you make the most of this scheme and claim back as much money as you are entitled to.

We specialise in this area and have successfully claimed R&D tax credits on behalf of many tech companies. We do this by:

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Analysing your business:

We’ll take an in-depth look at every aspect of your business to establish if you’re eligible for R&D tax credits.
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Handle the claim and HMRC enquiries:

We’ll then make the claim on your corporation tax return and deal with any red tape from HMRC.
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Reap the rewards

Let your innovations be recognised and allow us to help you maximise your claim.

Book a call with us to discuss how the tax credits could help your business.

Let's chat