R&D Tax Credits
Any UK business could qualify for R&D tax credits. Discover your potential R and D claim value or discuss research and development tax credits with us today.
No upfront fee
Until the claim is successful
Unlocked for our clients
Average UK claim amount
Why Research and Development Specialists for your claim?
We are an R&D specialists with offices based in Manchester, Birmingham and Nottingham, offering a personal service that focuses solely on helping companies, like yours, identify, quantify, and successfully claim their R&D costs back from HMRC.
The 800+ companies and 200+ accountants we work with cover many different sectors, including Construction, Manufacturing, Engineering, Food & Drink, IT & Software, Professional, Scientific and Technical.
We purely work on a success only basis and not only quantify and calculate a claim's value, but also document it in a summary report, to justify the claim to HMRC. 99% of our claims have never incurred a question from HMRC, and should a question arise, part of our process is to answer these on behalf of the client, without you incurring additional costs.
What are R&D Tax Credits?
The Research and Development tax relief scheme was introduced in 2000 by HMRC to support UK companies that work on innovative projects in science and technology and provides a potential cash refund or credit against corporation tax. The team at RDS will work with you to establish whether your business is eligible for R&D relief on a no win no fee basis.
Does my company qualify for R&D tax credits?
Any UK business could potentially qualify for R&D tax relief, regardless of market sector or industry. The RDS team will quickly determine if any area of your business is eligible.
In order to qualify as an SME for R&D tax relief, your company (along with any other linked companies) must employ fewer than 500 people with a turnover of under €100m or a balance sheet under €86m. SME tax relief allows the business to deduct an extra 130% of their qualifying costs from its yearly profit and the tax relief is normally obtained via corporation tax reduction with a benefit of 24.7% of qualifying R&D spend. There is a payable tax credit, with a receivable benefit of up to 33.3% of qualifying R&D spend, for loss making companies. Depending on your business’s tax position, there may be more tax efficient options available which the team will explain to you before submitting the claim.
Businesses that are above the SME limits are eligible to apply for relief through the RDEC scheme. This works differently to the SME scheme, with a claimant company potentially receiving a net benefit of up to 10.5% of its qualifying R&D spend.
The RDEC scheme is also available to SME companies to claim for projects that have already received funding. R&D tax relief can be claimed retrospectively, for up to two years after the end of the accounting period via an amendment to a corporation tax return. The RDS team will review the two accounting periods to assess whether R&D activity took place.
Discover your potential claim value today
Use our handy R&D tax relief calculator to find out how much you could be claiming back.R&D Calculator
What can you claim?
You can claim for the following:
The portion of gross pay, employer’s NIC and pensions relating to employees’ time whilst actively engaged in research and development.
The cost of materials and some overheads that are used as part of your R&D projects.
Expenditure on software used directly in R&D.
Expenditure on work carried out by third parties on your behalf relating to the R&D.
Our Claim Process
Report & Sign Off
At RDS we have helped over 800 companies successfully claim. Below is just a sample of some recent R&D tax credit claims we have completed.
Frequently asked questions
Below are some of the most frequently asked questions we get regarding making an R&D tax relief claim. If you have any more questions please contact our team.
We apply a straightforward, easily comprehensible process to all of our client claims. Our team will work hard to ensure that your claim meets the stringent requirements set by HMRC, from analysing and calculating the claim value to creating the research and development justification report.
You will have an initial telephone call or visit from one of our team to discuss whether your company meets the R&D claim requirements, before we progress the claim on a no win no fee basis.
A member of our specialist team will visit your business to gather relevant data and get a full understanding of your operation. The specialist advisor will scope your business in detail, identifying the extent of your qualifying activity and expenditure thus ensuring that we are able to maximise your claim.
The RDS team will produce a detailed R&D report, describing R&D activity within your business and justifying how this meets HMRC guidelines, along with a summary of qualifying R&D spend. We will then send the report to your accountant with instructions for submitting the claim to HMRC via the CT600 ‘Corporation Tax: Company Tax Return’ claim form.
It usually takes 28 days for HMRC to process the claim following submission of the CT600, after which you will receive your benefit.
In the case of an HMRC query, one of our specialists will respond immediately to ensure minimal delays in your claim.