Our team of R&D experts can help you with the R&D Tax Credits claim process by understanding your business and identifying projects with a potential claims. Our consultants have expertise in R&D claims in the sectors of technology, science, engineering, software and healthcare disciplines. R&D tax relief can deliver a repayment of 24.7% of qualifying costs for small and medium-sized companies.

You are eligible for the R&D Tax Credits SME scheme if you have less than 500 employees in your company and/or group and less than £100m turnover.

A 130% uplift is applied to your R&D costs leading to a tax reduction of £24.70 for each £100 spent on R&D if you make a profit. Loss making SMEs could receive a cash payment of £33 for each £100 of R&D expenditure. Claims can go back two full years resulting in a repayment of corporation tax already paid.

Eligible costs include:

• Staff costs and agency workers
• Materials expenditure
• Software expenditure

Our R&D tax specialists have an excellent track record in making successful R&D tax relief and have delivered significant tax savings for our clients.