To qualify for R&D tax relief, the company must account for Corporation Tax, but the relief is available to both profit and loss-making businesses.

If you can answer ‘Yes’ to most of these questions then, based on our experience across thousands of clients, it looks like you could have a successful claim: Have you developed new tools, products or services using technology? Have you tried to improve your existing products through technical changes? Have you had to resolve technical problems with any of your products? Have you found more efficient ways to produce your products or services? Have you experimented with new equipment or production techniques? At the start of a project, did you ever think ‘I’m not sure of the best way to do this’? Have any of your projects failed for technical reasons?

Staff costs, materials, utilities, reimbursed travel costs, light & heat, and subcontractor costs are most common & are the main areas in which you can claim from.

Companies that invest in developing new products, processes, or services, as well as improving existing ones, qualify for R&D tax relief. If you spend money on innovation, you can claim an R&D tax credit to receive a cash payment and/or a Corporation Tax reduction. The potential for identifying R&D is vast and it exists in every industry. In addition, if you are claiming for the first time and have been trading for over two years this will allow you to claim for two previous Tax years.

The benefits of the programme include increased cash flow, which is especially important to small, developing companies. It also encourages development of a corporate philosophy that embraces innovation and improvement.

We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.

Tax credits for research and development (R&D) are a government tax incentive put in place to reward UK businesses for investing in innovation & research and development. They are a useful source of capital for businesses to invest in advancing R&D, hiring new employees, and subsequently allowing businesses to expand.