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:
5 min read
4 min read R&D within healthcare can be the difference between a life and death situation, and is crucial in addressing the changing needs of society. In a tax context, R&D within healthcare “achieves an advance in science or technology” and can include analytics technologies that speed diagnosis, artificial intelligence to automate admin, drug discovery and improvement, and the development of non-invasive treatments and surgeries.
6 min read R&D tax credits have been a successful innovation scheme for over 20 years, but they haven’t remained static. The scheme has grown and changed during its lifetime, broadening its reach to cover more contributions to research and development.
4 min read
5 min read R&D tax credits are often overlooked because organisations don’t fully understand what they are and wrongly assume they are not eligible to make a claim. In this article, we seek to dispel nine common myths that exist around R&D tax credits so you can make an informed decision and avoid missing out.
5 min read Much of engineering seeks to improve existing solutions to problems, and HMRC defines R&D for tax purposes as “taking place when a project seeks to achieve an advance in science or technology”. Discover what engineering work is covered by the R&D tax credits scheme.
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