Your Guide to R&D Tax Credits
Our comprehensive R&D Tax Credits guide provides an easy-to-digest explanation into what research and development tax credits are, how to make an R & D claim, and most importantly, how R&D tax relief can benefit your business.
Download the full guide for on-demand access.
What are R&D Tax Credits?
Research & Development (R&D) Tax Credits were introduced over 20 years ago, to incenitvise and provide support for UK innovation.
After a startup or SME surpasses their first financial year, R&D Tax Credits allow them to claim back up to 27% of the R&D expenditure that was spent building their project.
Simply put, if you’ve spent £100,000 on research and development over the past financial year - you can reclaim up to £27,000 of that capital.
Innovate
Spend money on R&D.
Claim
File an R&D Tax Credit claim.
Reinvest
Reclaim costs & reinvest into your business.
Am I eligible to claim R&D Tax Credits?
The great news is that both profit and loss-making businesses (across any sector) are eligible - as long as they meet three simple criteria:​
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2
3
Must be a UK Limited or PLC company.
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Must have carried out activities that introduces a new product, process or service - or improves existing offerings.
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Must have spent money in order to achieve this.
Did you know - only 10% of eligible companies are currently taking advantage of R&D Tax Credits! That means a staggering 90% are missing out on non-repayable, non-dilutive funding.
If you're unsure about your business' eligibility, check out our eligible sectors page, or arrange a free consultation with one of our R&D Tax Specialists.
How much can I reclaim through R&D Tax Credits?
The amount of R&D tax relief you can claim is based upon two factors:
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Which scheme you qualify for.​
Companies with less than 500 employees, less than €100m in turnover, and less than €86m in gross assets, file under the SME scheme.
Companies exceeding these metrics file under the RDEC scheme.
Your business' financial position.
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Profit-making companies can reclaim up to 21.5% of eligible R&D spending, in the form of a tax rebate against current or future tax liabilities.
Loss-making companies are entitled to up to 27% of eligible R&D spending, in the form of cash!
Which costs can be reclaimed through R&D Tax Credits?
Within R&D Tax Credit claims, the Financial Report details the breakdown of total eligible expenditure, spanning the three categories below.
Claim Capital’s R&D Tax Specialists analyse every cost associated with your R&D project, to ensure we maximise your tax benefit.
Staff Costs
Subcontractors
Hardware, Software,
Pure Mathematics, Cloud Computing & Consumables
How do you file an R&D Tax Credit claim?
The two core components needed to file an R&D Tax Credit claim are the financial & technical reports.
Financial Report
Details eligible expenditure involved within the R&D activity.
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Technical Report
Provides technical evidence of R&D activity and expenditure.
Our R & D Claim Process.
1 Eligibility call with R&D Tax Credits Specialist
Schedule an eligibility call, and you'll be assigned a dedicated R&D Tax Credits Specialist, who will assess the scope of your R & D claim.
2 Analyse Financial & Technical Data for R&D Tax Credit Claim
We'll collect sufficient financial and technical information from your team, and perform an in-depth analysis to ensure no eligible cost is missed.
3 We complete Financial & Technical R & D Claim Reports
We'll produce a comprehensive technical and financial report, detailing your maximised R&D Tax Credit claim.
4 We submit completed R & D Claim to HMRC
We pledge to complete and submit your R&D tax credit claim to HMRC within 3-5 days.
5 Receive R&D Tax Credit Benefit from HMRC
HMRC approves your R & D claim and you receive the maximum tax benefit; either as cash or as a tax credit against future or current tax liabilities.
Why choose Claim Capital for your R&D Claim?
Technical
Expertise
Our team of R&D tax specialists and chartered accountants holds over 20 years of experience in maximising R&D Tax Credit claims.
Authorised
HMRC Agent
We're in constant contact with HMRC to monitor changes within R&D legislation, and adhere
to new guidelines.
Proven
Success
Our high success rate is
a testament to our high standards and attention-to-detail. Our fixed fee is only payable upon success.
Success Stories.
Great professional team and business, a pleasure to work with. They were on top of everything regarding our R & D claim.
Joy Abisaab, CEO & Co-Founder
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