What are R&D tax credits?

R&D Tax Credits Explained

Research and development (R&D) tax credits are a UK government incentive designed to reward companies for investing in innovation. R&D tax relief could be as much as 25% of the cost of an eligible project.

For a loss-making company, a cash rebate of up to 33.5% is available in lieu of tax relief, which is often paid within 4 weeks of a successful claim being made.

This relief or rebate could make a huge difference to a bootstrapping startups - and as HMRC believes that 75% of businesses who could be claiming R&D tax relief do not, it is too often a missed opportunity.

The scope for identifying R&D is huge – in fact, it exists in every single sector. And if you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.

Could you be missing out on over £53,000* The average UK SME R&D claim is worth £32,409* so don't miss out on the chance for a valuable cash injection for your business.

Find out if your business is eligible by requesting a call back from our R&D tax credits experts.