WHAT ARE R&D TAX CREDITS?

Research and Development Tax Credits is the Government’s way of promoting innovation.  It’s part of the European Union’s largest funding mechanism for businesses.

 

From 1 April 2015, for SMEs the tax relief on allowable R&D costs is 230% meaning for each £100 of qualifying costs, the income on which your Corporation Tax is paid, is reduced by an

additional £130 on top of the £100 spent.

ARE YOU ELIGIBLE?

If you're developing new systems, processes, products, materials or devices, you may be eligible for a tax relief. It's even applicable to failed projects!


Watch the R&D video and take our free audit or contact us to find out more.

INDUSTRIES

 

The following industries have seen a higher probability rate of receiving R&D tax credits.

  • Automation

  • Aerospace

  • Finance/Insurance

  • Biotechnology

  • Electronics

  • Energy

  • Food/Drink

  • IT/Software

  • Manufacturing

  • Mechanical Engineering

  • Pharmaceuticals

  • Telecommunications

OUR SERVICES

 

There are no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. 

There is no charge made for submission so no surprises when it comes to your claim being filed with HM Revenue and Customs.

All clients receive a 6-year report protection as part of this service. Please contact us for further information.

CASE STUDIES

PRIVATE HIRE TAXI

BUSINESS

DEVELOPMENT

CASE STUDY

  • Bespoke office IT and auto-cab booking systems and in-vehicle payment systems. 

  • 2 year claim

  • Project cost: £1.08m

  • Client benefit: £275k in repayment

SCIENCE &

ENGINEERING

CASE STUDY

TEXTILES INDUSTRY
  • Development of new polymer range to support garment / textile industry

  • 3 year claim

  • Project cost: £981k

  • Client benefit: £288k in tax credits 

HAIR & BEAUTY

IT PLATFORM

SERVICES

CASE STUDY

  • IT platform development

  • 2 year claim

  • Project cost: £57k

  • Client benefit: £12k in
    tax credit