ARE YOU ELIGIBLE?

RESEARCH AND DEVELOPMENT TAX CREDITS

 

WHAT are R&d TAX CREDITS?

R&D Tax Credits or Reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects. You may be able to claim Corporation Tax relief if your project meets our definition of R&D.​

are you eligible?

aNSWER THEse 4key questions

  • Is your business liable for Corporation Tax?

  • Have you submitted at least one set of statutory accounts?

  • Have you and /or your subcontractors developed hardware, software or manufacturing processes at your cost?

  • Have you had to test these to make sure they work?

pushing the boundaries using science or technology?

Projects that count as R&D

The work that qualifies for R&D relief must be part of a specific project to make an advance in science or technology. The project must relate to your company’s trade - either an existing one, or one that you intend to start up based on the results of the R&D. To get R&D relief you need to explain how a project:

Looks for an advance in science and technology

​Your project must aim to create an advance in the overall field, not just for your business. This means an advance can’t just be an existing technology that has been used for the first time in your sector. The process, product or service can still be an advance if it’s been developed by another company but isn’t publicly known or available

Had to overcome uncertainty

You should be researching or developing something that isn’t known to be scientifically or technology feasible when you make or discover it. This means that your company or experts in the field can’t already know about the advance or the way you achieved it.

Tried to overcome this uncertainty

You should show that the R&D needed research, testing and analysis to develop it. You need to be able to explain the work you did to overcome the uncertainty. This can be a simple description of the successes and failures you had during the project.

Couldn’t be easily worked out by a professional

You should explain why a professional couldn’t easily work out your advance. You can do this by showing that other attempts to find a solution had failed. You can also show that the people working on your project are professionals in that field and get them to explain the uncertainties involved.

Your project may research or develop a new process, product or service or improve on an existing one.

what costs can be claimed?

  • Labour

  • Externally Provided Workers

  • Subcontracted R&D

  • Energy/Utilities 

  • Consumed Materials

  • Software Costs 

Here are a few example case studies, some of which may not seem that obvious:

1.

Numerous companies developing innovative ICT based systems to transform commerce and business processes.

OUR EXPERTISE

"MAKE THINGS HAPPEN"

Swindon Consultants in Partnership with RandD TAX offer Specialist R&D Consultancy services that are totally independent. We work with your existing tax accountants so there is no conflict of interest. Many of our clients are introduced to us by their accountants.

BENEFITS

  • Vast industry sector expertise.

  • 100% success rate over 17 years.

  • Our business model, low overheads and well established methods help us remain the least expensive consultancy in the sector.

  • Over 10,000 successful project claims.

  • We take the pain away from the claim.

  • Strong in identifying technological and scientific advances and uncertainties.

  • Able to uncover maximum qualifying R&D expenditure.

  • No fee if claim unsuccessful.

Contact Info

T: 01793  852572  M: 07739 950980

26 Parsons Way, Royal Wootton Bassett, Swindon, Wiltshire SN4 8DA

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