Frequently Asked Questions
To help businesses get started with their research and development tax claims our team of specialists have compiled some of the most frequently asked questions related to R&D tax credits and the claim process.
What are R&D Tax Credits?
R&D Tax Credits are one of the largest tax reliefs available to UK companies, allowing them to reclaim up to 33% of all costs spent on research and development projects.
How long does it take to make an R&D claim?
Upon receiving the required documentation, Claim Capital will complete and submit your R&D tax claim within 3-5 working days. HMRC typically takes between 4-6 weeks to process and approve the claim.
How many companies use the R&D Tax Scheme?
Staggeringly – 90% of all UK companies that are eligible under the R&D tax scheme, aren’t currently making a claim.
General
Making a claim
How much R&D tax relief am I entitled to?
Profit making companies are able to reclaim up to 25% of costs spent on research and development, whereas loss-making companies are able to claim up to 33% of eligible costs.
Try our R&D tax credit calculator to receive an estimate of how much R&D Tax Credits could be worth to your business.
What costs qualify for R&D Tax Credits?
Research and development tax credits allow you to claim for spend related to staff costs, subcontractors and consultants, as well as hardware, software or consumables.
Eligibility
What are R&D Tax Credits?
R&D Tax Credits are one of the largest tax reliefs available to UK companies, allowing them to reclaim up to 33% of all costs spent on research and development projects.
How long does it take to make an R&D claim?
Upon receiving the required documentation, Claim Capital will complete and submit your R&D tax claim within 3-5 working days. HMRC typically takes between 4-6 weeks to process and approve the claim.
How many companies use the R&D Tax Scheme?
Staggeringly – 90% of all UK companies that are eligible under the R&D tax scheme, aren’t currently making a claim.
Claim Capital
Who are Claim Capital and how can they assist?
Claim Capital was founded on the belief that current R&D providers were overcharging and taking far too long to complete the claims. We’ve changed the R&D game to ensure our clients receive an efficient, cost-effective and flexible service to suit their business needs.
What is Claim Capital’s success record?
We operate 100% success record across all sectors, with claim sizes currently varying between £10,000 and £1.2m.
Looking for further R&D Tax Credit Advice?
For more information about R&D Tax Credits or the claiming process download our ultimate R&D Tax Credit Guide.
Need a specific question answered?
Get in touch with our team for expert advice. Or pop your question in the chat box to get an answer instantly!
Success Stories
At Claim Capital we help our clients understand the R&D tax credit process and work closely with them to ensure they receive their maximum benefit and in turn can fund their future growth. Visit our client success stories below for more information.
