R&D tax credits

R&D tax credits

How Research & Development projects and activities could save your company money through tax relief.

If you have not heard of Research & Development (R&D) Tax Credits before or are unsure of their application then it is important to review your organisations expenditure to understand if you qualify for this relief.

This is because your R&D projects could provide a significant boost to your cash flow. It works by either reducing your corporation tax liability, or in the event of a loss making company, by surrendering the R&D tax losses to HM Revenue & Customs (HMRC) for a cash refund.

If you are engaged in the following industries then you could potentially benefit from R&D tax related claims:

  • Aerospace
  • Automotive
  • Biotechnology
  • Construction
  • Defence
  • Engineering
  • Food
  • Manufacturing
  • Pharmaceutical
  • Software development
  • University spin-offs

In the first instance we would look to hold an initial free meeting with you to explore and understand your expenditure. Relevant work undertaken can then be identified which allows us to assess the merit of a potential claim.