DOES YOUR COMPANY QUALIFY?

We can recognise which research and development activity that qualifies for R&D Tax Credits, quickly and easily.

Our team has a diverse business background, supported by accountants well-versed in claiming R&D Tax Credits. This expertise allows us to easily highlight areas of process and product development that our clients (and/or their accountants) may have overlooked as qualifying for research and development tax incentives.

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.

Small and Medium Enterprises (SME)
Large Companies
Small and Medium Enterprises (SME)
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.

Large Companies
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.

Excellent question. Simply put, people are unaware they are the kind of business that qualifies for R&D Tax Credits or of how much credit they can claim. This programme is coordinated by a dedicated R&D Tax Credit team within HMRC, but the cash is actually coming from a European Fund.  Whilst UK government remain committed to ensuring that UK companies receive a full share of the funds available, the UK, has in fact, lagged behind its European neighbours in embracing this opportunity. This is a trend we are working to reverse.

The following are the most frequent scenarios we encounter. These not only demonstrate the typical ‘advisory mindset’ within UK companies, but also the under-subscribed nature of the UK market and the benefits of using a specialist practice like us to process your company’s R&D tax credit claim.

So how does it work?

All sounding good so far. Check out our simple six-step approach to the way we work.