randd uk is one of the leading firms helping company’s claim under the R&D Tax Credit scheme. Not sure what R&D Tax Credits are? Keep reading.
Which one are you?
There are two very straightforward R&D Tax Credit schemes which HMRC operate: the Small and Medium-sized Enterprises and the Large Company R&D Tax Relief Schemes. Companies can claim relief on their research and development activity through either scheme, depending on their size, turnover and balance sheet.
The Small and Medium Enterprises R&D Tax Relief Scheme
A company is considered an SME for R&D Tax Credit purposes if they have fewer than 500 employees and either an annual turnover not exceeding £84 million, or a balance sheet not exceeding £72 million.
The Large Companies R&D Tax Relief Scheme
Companies are considered Large Companies if they exceed the SME threshold. However, some parts of a Large Company can be considered an SME for R&D tax relief purposes, so it’s best to speak to us about this so we can clarify your company’s position.
Get in touch!
We’d love to have a chat with you and see if your company qualifies. Fill out this form, and we’ll be in touch.