R&D tax credits are a government incentive proposed to reward companies for investment in innovation. If your business has developed new processes, products, or services, you may be eligible for significant tax relief, even if your project wasn’t successful.

To qualify for R&D tax credits, your project must aim to advance overall knowledge or capability in a particular field of science or technology. This can apply to a variety of industries, including technology, manufacturing, the creative arts, and more. Our R&D tax credit consultants will help you assess your eligibility.

Yes, small businesses can benefit from R&D tax credits. We offer specialized small business R&D tax credit services, helping you access the funding you need to continue innovating, whether you're a startup or an expanding company.

Innovation happens in creative industries too! If you're an artist, musician, or involved in film or game development, you may be eligible for R&D tax credits. Developing new sound techniques, creating innovative artistic processes, or pioneering new game technologies can all qualify for tax relief.

You can claim a wide range of expenses, including costs related to staff involved in R&D, materials, software, and even certain overheads. Our team will help you identify and calculate all eligible expenses to maximize your R&D tax credit claim.

The process involves identifying eligible projects, calculating qualifying expenditures, and submitting a claim to HMRC. Our R&D tax credit services include managing every step of this process, ensuring that your claim is accurate and filed on time.

The amount of tax relief depends on the size of your business and your qualifying R&D expenditure. For small and medium-sized enterprises (SMEs), you could claim up to 33% of your eligible R&D costs. Larger companies may qualify for the Research and Development Expenditure Credit (RDEC), which is up to 13%.

Once your claim is submitted, it typically takes around 4 to 6 weeks for HMRC to process the claim and issue the credit. Our team works to ensure your claim is submitted accurately and efficiently to avoid any delays.

Yes, you can claim R&D tax credits for the previous two financial years. If you’ve recently realized that a past project qualifies, our team can help you make a retrospective claim.

Getting started is simple—contact us for an primary consultation. We’ll assess your eligibility, guide you through the process, and ensure you receive the full benefits of R&D tax credits for your business.