Research and Development

If your business invests in innovation by coming up with new products, processes or services, or enhancing existing ones that resolve scientific or technological uncertainties, your research and development (R&D) could bring you valuable tax benefits.

The scope for R&D is huge, as it applies in almost every sector. To benefit from R&D tax credits, you must be a limited company in the UK that is subject to corporation tax and have carried out qualifying R&D activities which you have spent money on.

The financial benefits could have a significant impact on your company’s corporation tax position. You may be able to claim R&D relief of 230 per cent of qualifying expenditure (with no minimum spend), meaning you may be able to claim £230,000 for every £100,000 spent on qualifying R&D costs.

If your company is currently making a loss, you can claim a tax credit which can be worth as much as 33.35p for each pound of R&D expenditure and bring an immediate cash flow advantage.

Our R&D experts understand the rules surrounding R&D tax credits, ensuring we can maximise your claim. Our team will guide you through the R&D regime, prepare your claim so that you have the greatest chance of success and liaise with HM Revenue & Customs on your behalf, advising and supporting you throughout the claims process.

For more information about how we can help, get in touch.