R&D Tax

What is R&D tax relief?

Research and development (R&D) tax relief is a government incentive that supports UK companies working on innovative projects.

Industries

  • Agriculture
  • Biotechnology
  • Chemical engineering
  • Civil engineering
  • Construction
  • Cosmetics
  • Environmental
  • Waste management and recycling
  • Financial technology
  • Food and drink
  • Logistics
  • Manufacturing
  • Pharmaceuticals
  • Software and IT development
  • Sustainability
  • Telecommunications

SIC Code

Be aware of what SIC code your company has as HMRC are using this as a method to review claims.

What kind of benefits can I receive?

When applying for R&D tax relief, there are a number of cash and non cash benefits that you can receive. These include:

Corporation Tax Reduction

Losses to offset future
Corporation Tax

Corporation Tax
Refund

Cash Tax
Credit

How much R&D tax relief can I actually claim?

HMRC has made changes to how much you can claim from R&D tax relief to tackle fraudulent behaviour. The impact of these changes will take place from 1st April 2023 and will effect how much you can claim.

Our R&D tax process

Step 1.
Onboarding and initial engagement

Step 2.
Technical interviews

Step 3.
Financial review and calculation

Step 4.
Review and sign-off of R&D tax relief claim

Step 5.
R&D technical check-ins

R&D tax legislative changes

Preparing compliant R&D tax relief claims is crucial. With new R&D tax relief rules in place, HMRC is buckling down on challenging claims of all sizes. If you’re already claiming R&D tax credits, you need to be aware of these changes and how they can affect you including:

  • PAYE Threshold
  • Reduction in SME R&D tax scheme
  • Increase in RDEC R&D tax scheme
  • Additional Information Form
  • R&D intensive companies
  • UK-based subcontractors/EPWs from 1 April 2024
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