Research & Development Tax Relief and Credits

Research & Development Tax Relief and Credits photo

We and in association with a firm of experts who have over 13 years’ experience in processing R & D tax relief and credit claims globally, specialise in helping companies claim R & D tax relief and credits that they didn’t realise they were entitled to. Many claims are missed because companies do not appreciate the breadth of the definition of R & D for these purposes. Click here for R & D Key Information and click here for R & D Case Studies.

R & D tax relief and credits are applicable to companies that are creating new or improved products, developing new processes or duplicating existing products and processes in an appreciably improved way. 

Companies which meet the definition of a small or medium sized enterprise (SME) are entitled to a deduction from taxable profits of 225% of the qualifying costs incurred after 1 April 2012 (200% for costs incurred after 1 April 2011), while large companies are entitled to a 130% deduction.

SME's can also reclaim cash from HM Revenue & Customs where they have made a loss for tax purposes. This R & D tax credit can be worth up to 24.75p per £1 of qualifying expenditure and therefore can be very valuable to the loss making company.

The definition of R & D is contained in the guidelines issued by the Department for Business, Innovation and Skills and there are no restrictions on the type of company that can qualify for the relief.

If we can demonstrate that a company has overcome technical or scientific difficulties or it seeks to make a technological advance then a claim could potentially be made.

Ensure your business is entitled to claim R & D tax relief and credits and contact DPC Accountants today to arrange a meeting with a member of our team.

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