R&D Tax Reclaims
Staffing Costs
Subcontractors
Materials
Software
Prototypes
Cloud Computer
Data Licences
Utilities
Travel
Clinical Trial Volunteers
Contributions to Independent Research
Claimable Costs
R&D costs vary depending on the project type and which costs were spent on the research and development.
To ensure that your R&D tax credit claim is both accurate and maximised, it's crucial that all expenses are properly incurred, paid, and directly linked to your R&D activities.
However, all costs must fall under one of these specific categories to qualify:
What is R&D Tax?
R&D tax relief in the UK is a government incentive designed to encourage innovation and technological advancement across various industries.
It offers tax incentives to companies engaging in eligible research and development activities, allowing them to either reduce their tax bill or claim cash repayments.
These activities must involve seeking to advance the overall knowledge or capability in a field of science or technology, and they can include creating new products, processes, or services, as well as making significant improvements to existing ones.
By leveraging R&D tax relief, businesses can not only foster innovation within their organisations but also benefit from valuable financial support to fuel further growth and development.
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We hold a Technical Call to assess whether the projects are valid R&D for tax purposes
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Once our specialists have confirmed it is valid R&D, we will draft a Technical Report to evidence the project against the guidelines set by HMRC
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We will then gather the qualifying costs and compare these agains the guidance for qualifying costs
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Once all the costs are gathered, we will calculate the total tax benefit owed by HMRC
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Once the claim is ready, we will submit this to you for review and approval before submitting this to HMRC
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Once submitted, the claim should be processed and paid within 28 days!
Get started today
Our Process
We understand the dedication and resources you invest in your Research and Development efforts. That's why we're here to support you every step of the way.
R&D Rates
There are currently two schemes: the SME (Small and Medium-sized Enterprises) or the RDEC (Research and Development Expenditure Credit) scheme. However, there is a proposed change to merged the schemes to create one unified rate and credit system.
Get in touch to see how much your claim is worth.
SME
The SME R&D Tax Relief allows companies with fewer than 500 staff and a turnover of under €100 million (or a balance sheet total under €86 million) to claim back up to 33% of their qualifying R&D expenditure as a reduction in tax or as a payable tax credit.
SME R&D-Intensive
For SMEs that qualify under the standard SME R&D Tax Relief but are particularly R&D intensive (spending at least 40% of their total operating expenses on R&D), there is an enhanced deduction up to 27% of their qualifying R&D expenditure as a payable tax credit.
RDEC
The RDEC scheme is aimed at larger companies, and those that do not qualify under the SME scheme, offering a tax credit of up to 13% of their qualifying R&D expenditure as a payable tax credit.
Merged Scheme (proposed)
The UK government has proposed merging the SME and RDEC schemes into a single, unified scheme to simplify the tax relief process. Under the proposed Merged Scheme, all companies regardless of size will be treated the same, with a preliminary proposed rate of relief that would standardise the credit system across all business sizes similar to the traditional RDEC Scheme at 16.2%.