R&D Tax Credits
Rewarding you for innovation
R&D Tax Credits Explained
Research and development (R&D) tax credits are a government tax relief designed to
encourage UK companies to invest in innovation.
You could benefit from a reduction in your tax bill, or cash back from HMRC straight into your bank account.
Am I Eligible ?
If you are developing a new product or service, or you are improving an old one because it
just wasn’t quite right – then you may be eligible. If you’re wondering if you’re eligible,
then ask of yourself if any of these criteria apply:
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You’re attempting to “resolve scientific or technological uncertainties”
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You’re advancing the field of science and technology
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There is naturally a level of uncertainty about the outcome
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You’re not sure your project is scientifically or technologically possible
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Developing or improving products and services, or improving efficiences.
If any of the above apply to you, then you may be carrying out activity that qualifies for R&D tax credits.
What costs can I claim for?
The good news is that R&D doesn’t have to have been successful to qualify. You can also include work completed for a client as well as your own projects. Some of the types of qualifying expenditure include:
Materials and consumables
Staff costs incl. salaries, employer’s NIC & pension contributions
Certain types of software
Subcontractors and freelancers
How Much Could I Save ?
With R&D tax credits, you could save up to a third of every £1 you have spent on qualifying costs!
You could claim up to
33 for every pound
spend on R&D
I'm a SME
Large companies can
claim up to 8.8p for every
£1 spend on R&D
I'm a large Company
How We Work
Our service is completely end-to-end, and importantly it includes dealing with HMRC on your behalf.
There’s only 4 simple steps between you and a successful claim!
Coffee?
First we want to sit down and have a discussion to learn more about you are your business!Consultation
Next we will review your accounts and expenses together and dicsuss your current R&D projects.
Production
Once we are happy we have a solid claim, we will produce your R&D report and claim ready for your approval.
HMRC
We deal directly with HMRC on your behalf, from getting the claim approved to chasing the money in the bank.
Receiving Your Credit
Success! Once the claim has been approved, the funds should be with your in 4-6 weeks!
How Much Does It Cost
We charge a fixed fee of 20% of the tax saving. If the claim is unsuccessful or
you do not qualify, there is nothing to pay!
In the years that we have been completing R&D tax credit claims, we have not yet had one rejected – so we feel pretty
confident that we can help you to get a successful claim and some funding back into the company.
