R&D Tax Credits are a very niche part of the UK tax code that could bring your company thousands of pounds in tax relief.
Who is eligible?
Companies of all sizes can claim R&D Tax Credits.
The size of your business will determine which R&D Tax Credits scheme you are eligible for and ultimately what proportion of your spend you can claim back, but every business registered in the UK is eligible.
Eligible R&D activities:
- Overcoming technical challenges
- Creating and testing prototypes
- Streamlining processes
- Trialling new or substituting materials
- Developing bespoke software
- Trial and error
- Industry firsts
No matter what your circumstances are...
...we can help you to submit your claim to HMRC and receive thousands of pounds in tax relief or as a cash lump sum.
Whether profitable or operating at a loss, both SMEs and large companies can claim R&D Tax Credits either through the Small and Medium-sized R&D tax Relief Scheme or the RDEC Scheme. Your business needs to be a UK limited trading company with a set of financial accounts and qualifying R&D spend.