SME R&D TAX RELIEF

Research and Development Tax Relief (R&D Tax Relief) helps innovative businesses undertaking R&D related activity claim a generous corporation tax deduction or a cash refund from HMRC
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How do R&D tax credits work?

Companies that spend money developing new products, processes or services; or enhancing existing ones, are probably eligible for R&D tax relief. If you’re spending money on innovation or development, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction.

The scope for identifying R&D is vast – in fact, it exists in most sectors.
Small and medium-sized enterprises (SME) R&D Relief

You can claim SME R&D relief if you’re a SME with:

You can claim SME R&D relief if you’re a SME with:

  • Less than 500 staff
  • a turnover of under 100 million euros or a balance sheet total under 86 million euros

Please contact us by completing the form below or indeed calling or emailing on the number above if you would like to discuss whether you are eligible.

SME R&D relief allows companies to:

  • Deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
  • Claim a tax credit if the company is loss-making, worth up to 14.5% of the surrenderable loss

Please contact us by completing the form below or indeed calling or emailing on the number above if you would like to discuss whether you are eligible.