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.

Request a Quote

Email Address:
Contact Number:
Service interested in:

Nature of your business:

Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.

Please confirm you are human:

REF: MC/RQ/1.0

What our clients say...

"I have moved my last two GP practices over to Morris Crocker Accountants, and have been delighted with the level of knowledge, support and help that we have always received from their GP Team.  They have helped us most recently in a complex matter and have made sense of a very difficult couple of financial years for us.  The entire team are approachable, pro-active and endlessly patient and service is always delivered with a smile and a sense of humour!   I could not wish for better service.” - Hillary, practice manager

Latest news...


Requirement to correct on offshore assets

New legislation has been introduced which requires taxpayers in the UK to declare all of their tax liabilities in relation to offshore assets.


Newsletter Sign Up

Sign up to keep in touch to receive our latest news and industry updates.

Yes, I would like to receive email updates providing me with the latest finance news, advice guides and details of future events.

REF: MC/NL/1.0