R&D tax credits were introduced in 2000 by the British government as a generous
financial incentive, furthering innovation in the UK. The credits are designed to
reward companies that take a risk in developing new products, processes, systems or
devices, or improving what already exists.
The government’s definition of R&D for tax purposes is intentionally broad to
capture innovation across all sectors.
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?
This is for businesses with:
SMEs that qualify for the relief can:
Companies that do not qualify for SME relief can claim if they have:
Businesses that qualify for RDEC claims can:
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
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.
Explore the latest insights from the world of R&D:
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