Maximise Your Innovation Funding with Expert R&D Tax Relief Claims
We navigate the complexities of the UK's R&D tax incentives, including the 2024 scheme changes, to secure the maximum financial return for your business.
What is R&D Tax Relief?
R&D Tax Relief is a UK government incentive designed to reward companies for investing in innovation. It is a valuable source of funding that supports businesses in developing new products, processes, or services, or enhancing existing ones.
Key Benefits of R&D Tax Relief
Up to 27% Cash Credit
Loss-making, R&D-intensive SMEs can receive a payable cash credit of up to 27% of qualifying expenditure.
15-16.2% Net Benefit
Most companies can expect a net benefit of 15% (RDEC) to 16.2% (merged scheme) on their R&D spending.
Reduced Corporation Tax
Successful claims significantly reduce your Corporation Tax liability, freeing up capital for reinvestment.
Eligibility for R&D Tax Relief
Understanding who can claim and what qualifies as R&D activity.
Who Can Claim?
- UK limited companies subject to Corporation Tax.
- Applicable to a wide range of sectors, not just laboratories.
- Both profitable and loss-making companies can benefit.
What Qualifies as R&D?
- Projects seeking an advance in science or technology.
- Activities that overcome scientific or technological uncertainty.
- Creating new products, processes, or services, or improving existing ones.
2024 Scheme Changes
Important updates to the R&D tax relief schemes that may affect your claim.
Merged R&D Scheme
From April 2024, the SME and RDEC schemes have merged into a single, simplified scheme based on the RDEC model. This provides a taxable credit of 20% of qualifying R&D expenditure.
R&D Intensive Scheme
A separate, more generous scheme exists for loss-making SMEs where R&D expenditure is at least 30% of total expenditure. This scheme offers a higher rate of relief, providing a cash credit of up to 27%.
Our Claim Process
A streamlined approach to securing your R&D tax relief.
Eligibility Assessment
We conduct a free, in-depth review of your projects to confirm eligibility and estimate your potential claim value.
Technical & Financial Compilation
Our specialists work with your team to build a robust technical narrative and detailed financial summary that meets HMRC's strict criteria.
AIF & CT600 Submission
We prepare and submit the mandatory Additional Information Form (AIF) and your updated Corporation Tax return (CT600) to HMRC.
HMRC Liaison & Claim Success
We manage all communications with HMRC, providing full support until your tax relief or cash credit is successfully received.
Qualifying R&D Costs
Understanding what costs can be included in your R&D tax relief claim.
Note: Since April 2023, cloud computing costs are also eligible for inclusion in R&D tax relief claims.
Is Your Business Missing Out on R&D Tax Relief?
Many innovative companies are unaware they qualify. Contact us for a free, no-obligation consultation to discover your potential claim value.
Book a Free Consultation