R&D tax credits are an HMRC tax incentive designed to enable and encourage businesses to invest in innovation.
Claim back up to 33% of your
R&D investment
Average SME claim value
£53,876
R&D Tax Credit Scheme
R&D Tax Credits – How does the scheme work?
When your business carries out research and development, you can claim back up to 33p for every £1 spent on qualifying activities.
This can be offset against your Corporation Tax and, in some cases, you can receive this as a cash credit from HMRC.
R&D can take place in any sector
Manufacturing & Material Sciences
Engineering
IT & Software
Automotive & Motorsport
Construction
How to qualify for the R&D Tax Credit scheme?
To benefit from the scheme, you need to:
Spend money on developing new products or services; or enhancing existing ones
Employ staff across a variety of roles who work on projects that advance knowledge, and clarify uncertainty
Be a limited company, in the UK, that is subject to Corporation Tax
Have conducted qualifying activity within the last 2 accounting periods
If these criteria apply to your business, you may be eligible for the scheme. Get in touch to find out how much you could stand to gain.
R and D Tax Credits Application
R and D Tax Credits made simple
We work with all types of businesses including retail, recruitment, construction, engineering, agricultural, professional services and many other industries.
We provide a one to one service, from discussing and understanding your needs to finding loan providers and securing your chosen finance. All without any commitment.
If we cannot find a finance option that you are completely satisfied with, there will be no cost to you for our assistance.
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