R & D Tax Claims

The Research and Development (R & D) Tax Credit Relief Scheme was introduced by HMRC in 2000 in order to encourage UK companies to invest in innovation.

If you are a UK based company which pays corporation tax and makes advances in science and technology, you could be eligible to claim R & D tax relief.

By using us you benefit from years of experience as well as a no obligation introduction and no win, no fee agreement. You don't pay us anything until you've received your tax relief.

Find out how it works
R&D

Find out if you qualify

Are you a UK based company?

Do you pay Corporation Tax?

Do you invest in Science and Technology?

How it works

Intro & Eligibility

After introductions are made our first aim is to check if you're eligible to claim R & D tax credits. We do this by determining the answers to the following:

  1. Are you a UK based company?
  2. Do you pay Corporation Tax?
  3. Have you invested in business improvements within the last 2 tax years?

If the answers to all the above points was yes then there's a good chance you're company is eligible. Our next step is to then look into your R &D and check for certain if it passes HMRC's requirements as to what constitutes as R & D, you can read more about these here.

If so, we then move onto the next stage of the process.

Data Gathering & Report

At this point we begin the process of building a report detailing your R & D projects. This includes information about the scientific and technological advances as well as the associated costs.

We ask specific and well thought out questions in order to build up the technical side of your claim showing where innovation occurred and where any uncertainties arose.

We also gather the required details in regards to the costs of your projects. Not all costs qualify for R & D tax relief - read more here.

Submission to HMRC

Once we've gathered all the required information and you're happy with the report, we'll submit it to HMRC on your behalf.

We will then deal directly with HMRC if any problems occur or if they require any further information.

It is then simply a case of waiting to hear back from them regarding the claim. This usually takes around 2-8 weeks.

If you're claim is successful, you're corporation tax bill will be reduced. If you've already paid it then you'll receive a repayment.

Think you're eligible? Get in touch!

PREVIOUS TAX YEARS

Not only can you make a claim for this years R & D projects, you can also claim R & D tax relief on expenditure from up to the previous two accounting periods.

WHO CAN APPLY?

Any company which is based in the UK, pays corporation tax and invests in innovative scientific or technological advancement could be eligible for R & D tax relief.

WHAT IS R & D?

R & D tax relief is a government scheme designed to promote investment into innovative projects by UK companies by offering them a tax incentive.

WHAT CAN I GET?

Depending on whether you are a large or small company, and if you've made a profit or loss, you could claim relief of up to 33% of your R & D expenditure.

FAQS

If you're UK based, liable to pay corporation tax and invest in innovative research and development in a science or technology sector then you could well be eligible for R & D tax credits. See here for more information.

You can claim R & D from your 2 previous accounting periods.

From introduction to the submission of your claim to HMRC can take anywhere from one week to 6 months depending on how long it takes to gather all the information. Once your claim has been submitted it usually takes around 1-2 months to receive a decision from HMRC.

As we only charge a fee once you've received your tax relief, we don't take on a case unless we're fairly sure that the claim will be successful.

The majority of costs associated with your R & D project can be added to your claim, however there are some exceptions as well as additional rules that need to be followed. For example, you can only claim 65% of the cost of subcontractors as part of your R & D claim. For more information see here.

Once you've received your tax relief you can spend it on anything, even more R & D.

Yes, you can still make a claim if you're company made a loss. If successful you can choose to receive tax credits in the form of cash or you can add it to your next CT return.

  • 100k
  • R & D expense
  • 130%
  • Additional Tax Relief
  • 20%
  • Corporation Tax
  • 26k
  • Estimated Tax Refund

If you think you might be eligible for R & D tax relief, feel free to get in touch.