Research & Development

Research and Development(R&D) relief is a corporation tax relief that can significantly reduce your company’s tax liability or even result in a cash repayment from HM Revenue & Customs.

Research and development relief

Read our Research and Development Tax Credits Guide

From April 2015, the maximum reliefs in respect of qualifying expenditure available to small and medium enterprises (SMEs) increased from 225% to 230%. Along with payable credit of 14.5%, the new rate  means that companies can receive over £33 of cash from HM Revenue & Customs for every £100 of qualifying spend. There was also a rise from 10% to 11% in the rate of the R&D Expenditure Credit for large companies, resulting in an increase in benefit from 8% to 8.8%.

What constitutes R&D?

  • A project that seeks to achieve and advance in science or technology.
  • An advance is achieved where a scientific or technological uncertainty is resolved.

Uncertainties exist when knowledge of whether something is scientifically or technologically feasible is not readily available or deducible by a competent person in the field.

Needless to say the savings can be extensive and with the right tax advice the process is relatively straight forward.

We have proven experience of successfully preparing and agreeing R&D claims across a number of sectors including manufacturing, engineering, software and technology.

To find out more about our R&D services, please contact us on 023 9248 4356.

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I would have no hesitation in recommending their services to anyone who has the pleasure of embarking on their own business adventures, no matter where on the journey they currently may be. Gavin Barrett - Barrakav Ltd

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Spring Statement 2018

The Chancellor, Philip Hammond, delivered his Spring Statement on Tuesday 13 March 2018.  Lasting less than half an hour, there was no red briefcase, no red book and no tax changes


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