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Our Tax Services

R&D Tax Relief

What is R&D?

R&D tax relief was introduced by the government to support and incentivise innovation amongst small and medium sized UK businesses.

You could be claiming back up to £33 of every £100 spent, where the expenditure qualifies as Research & Development.

And you can make an R&D Tax Relief claim up to 2 years AFTER the end of the accounting year in which you incurred the costs. This means you could make a claim for costs that were incurred up to 3 years ago!

What does Research & Development mean?

Well, it can be found in any industry - it’s not just reserved for science and tech businesses - you just need to know what you are looking for, so it’s important not to rule yourself out.

To be eligible, a business must be:

  • Making a considerable improvement to existing technology, this does not always mean it is ground-breaking or innovative work. If a business is working to make their product, services, or processes, faster, less expensive, or better in some way, then this may be eligible for R&D tax relief.

  • Overcoming technological challenges, especially where the solution is not immediately obvious to a qualified professional.

R&D Specialist

We’ve partnered with a R&D specialist provider Radish Tax, who do things a little differently.

Their vision is to get more tax advice through to those who need it most: SME’s, business owners and their families.

They want to breakdown the misplaced belief that these reliefs are only available for science or technology businesses and get the cash back in the hands of the business owners.

Find out more about Radish Tax here.

How do I make a claim?

The process is straightforward and only requires 1-hour of your time.

We may need additional time with the competent professional if you have complex R&D projects or multiple R&D projects.

To get started we can identify in a 30-minute scoping call whether you can make an R&D Tax Claim.

If you do qualify, we would then schedule a slightly more in-depth consultation - around 45 minutes long - to collect all the information needed to put the claim together for you.

After that, we would produce the report, make the submission to HMRC and you would be ready to receive your benefit!

R&D Process - Client.png

What Are You Waiting For?

Given the value this could bring back into your business, book a scoping call with our specialist partner Radish Tax, if only to rule it in or out.

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