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R&D Tax Credits Are You Missing Out

R&D Tax Credits In A Nutshell

R&D is fundamentally work completed to resolve a scientific or technological uncertainty aimed at achieving an advance in science or technology.

R&D Tax Credits Answer The Questions Below To See If You Might Benefit


Yes     No
Does the company undertake the development of new products / processes or improved products?
Has the company duplicated existing products or processes in an appreciably improved way?
Has the company made advancements in its field?
Does the company employ technical staff, engineers, software developers or scientists
Does the company consider itself technically innovative?
Does the company spend money on subcontract R&D?

If you have answered “YES” to ANY of the above questions then it may be that you are due for substantial cash back from HMRC

Qualifying R&D Tax Credit Costs include

  • Staffing costs 
  • Consumable costs including software
  • Power, fuel and water
  • Externally provided workers
  • Indirect qualifying costs (new)
  • Grant funded R&D

Note: You can claim for the last two financial years

Amount of R&D Tax Credits Relief Available

The amount of relief available depends on a number of characteristics primarily

  • The level of taxable profit / losses that the company has made 
  • The time period that you are claiming for
    • Up to 31st march 2011 (175%)
    • After 1st April 2011 (200%)
    • After 1st April 2012 (225%)
  • So for a profit making company (£300,000 to £1.5 million ) for the time period after 1st April 2012 potentially relief of 31.56p in the £1

If you have not previously claimed R&D credits and you think that you might be eligible to claim then we can get a R&D Tax Advisor who works closely with HMRC to contact you. The fee structure for R&D Credits claims has 3 pricing options

  • Fixed fee basis – £6000
  • Fixed fee plus win fee – £3000 on commencement and then a win fee equivalent to 10% of the tax repayment
  • No win no fee basis  – where a win fee equivalent to 20% of the tax repayment

R&D Credits Are You Missing Out

If you would like to find out more about making successful R&D Tax  claims (stuff that your regular accountant probably doesn’t know about) alternative to R&D Credits click here look at other ways to generate profits or click here Andrew Goode on 01733 361729

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