R&D Tax Credit Services

Research and Development (R&D) tax relief supports companies that work on innovative projects in science and technology.  You may be able to claim Corporation Tax relief if your project meets the definition of R&D for tax purposes.

 The work that qualifies for R&D tax relief must be part of a specific project to make an advance in science or technology.  The project must relate to your company’s trade, either an existing one, or one that you intend to start up based on the results of the R&D. To claim you need to explain how a project:

• looked for an advance in the field.
• had to overcome the scientific or technological uncertainty.
• tried to overcome the scientific or technological uncertainty.
• could not be easily worked out by a professional in the field.

 Your project may research or develop a new process, product or service or improve on an existing one. 

 There are 2 different types of R&D tax relief, depending on the size of your company and if the project has been subcontracted to you or is subsidised, or both. 

Small to Medium (SME) Enterprises.

You can claim SME R&D tax relief if you’re a SME with both of the following:

• less than 500 staff
• a turnover of under 100 million euros or a balance sheet total under 86 million euros

You’ll need to include partner and linked enterprises when you work out if you’re a SME.

For qualifying expenditure incurred on or after 1 April 2023, you can claim the higher 14.5% tax credit rate if you meet the intensity condition with an R&D intensity of at least 40%.

R&D Expenditure Credit.

Large companies can claim expenditure credit for working on R&D projects.

It can also be claimed by SMEs who have been subcontracted to do R&D work by a large company or have subsidised expenditure.

While the actual claim process is fairly straightforward, determining whether a project qualifies can be more complex.  Furthermore, the gathering of evidence can be a huge task, and the creation of a compliant report, daunting for anyone not familiar with the process.   We are experts in all of the work required to compile a report and get it lodged with HMRC. 

Claiming R&D Tax Credits can earn you a very significant pay-out against your tax return, leaving you more money to put back into your future research projects.  The Writing Agency can help you claim what you are owed on your projects.