Two types of R&D relief

By claiming R&D tax credits, you can claim back between £0.11-£0.33 from the UK government for every £1 invested. How much you are entitled to depends on your company size.

Want to find out how much you can claim?

  1. Small and medium-sized (SME) R&D relief

    This is for businesses with:

    Less than
    500 staff
    Less than €100m turnover
    or balance sheet below €86m

    SMEs that qualify for the relief can:

    • Deduct an extra 130% of their qualifying costs from your yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
    • If loss-making, claim a tax credit worth up to 14.5% of the surrenderable loss
  2. Research and Development Expenditure Credit (RDEC)

    Companies that do not qualify for SME relief can claim if they have:

    More than
    500 employees
    A turnover of
    more than €100m
    Have been subcontracted to do
    R&D work by a large company

    Businesses that qualify for RDEC claims can:

    • Get a tax credit of 13% (taxable) equivalent to 11p for every £1 spent on R&D
    • Depending on if your company is profit or loss-making the credit may be used to remove a tax liability or take the form of a cash payment

Am I eligible for R&D tax relief?

We’ve created a simple way to assess if you might be eligible for innovation relief. Take the short test and answer 15 questions about your business then find out what R&D funding support you might be missing out on.

We’ll also send you a comprehensive, tailored report on what options best suit you and what your next steps should be.

Find out in just three simple steps

  1. It takes less than 5 minutes
  2. You’ll answer 15 questions
  3. We’ll tell you whether you’re eligible for R&D tax credits, or one of the other government innovation funding schemes

Qualifying expenditure includes:

Staff
costs

Computer
software

Sub-contractors
and external workers

Research contributions

Prototypes

What qualifies as R&D in my sector?

It’s easy to overlook day-to-day projects that could unknowingly count as R&D, with 75% of clients we first speak to unaware they are eligible to claim. Our dedicated guides give examples of what R&D looks like in your industry.

Agriculture

Construction and planning

Finance and insurance

Food and beverage

Information and communication

Printing

Pharmaceutical

Software

Transport

Water and waste

Join our mailing list

Stay up-to-date with all the ways R&D tax relief can help your business grow

Required fields*