Research and Development Tax Relief
Is your company engaged in research and development (R&D) activities? Are you looking to unlock valuable financial benefits and incentives? Our R&D tax relief services help your company maximise its tax savings and fuel innovation within your organisation. By leveraging the power of R&D tax relief, you can drive growth, increase your cash flow, and stay at the forefront of your industry.
What Is R&D Tax Relief?
Is My Company Eligible for R&D Tax Relief?
To qualify, a company must be seeking a technological or scientific advance within its industry. It’s important to note that this does not have to be a successful project that becomes operational, nor does it have to be a completed project.
If your company has developed a new technological or scientific process, product, or service, or modified an existing one, it could be eligible for R&D tax relief. To be eligible to claim R&D tax credits in the UK, businesses must be:
- Liable to pay corporation tax
- Small and medium enterprises (SMEs) need to have under 500 employees and either under €100 million turnover or €86 million on the balance sheet
- Large companies can claim under the Research and Development Expenditure Credit (RDEC) scheme
It is envisaged that, from April 2024, these two schemes will be merged into one, but loss-making SME R&D-intensive companies will still be able to claim under a scheme similar to the SME scheme.
Ryan’s Comprehensive R&D Tax Relief Solutions
Expertise and Experience
Our team of R&D tax specialists has in-depth knowledge and experience in maximising R&D tax relief. We stay up to date with the latest regulations and guidelines to provide you with accurate and reliable advice.
Time and Cost Savings
Outsourcing your R&D tax relief management to us allows you to save valuable time and resources. Our streamlined processes and expert guidance minimise the administrative burden, enabling you to focus on your core business activities.
Increased Cash Flow and Innovation
By optimising your R&D tax relief claims, you can generate substantial cash flow and reinvest the savings into further innovation. This fuels growth, enhances your competitive edge, and positions you as an industry leader.
HMRC R&D Statistics 2023
HM Revenue and Customs (HMRC) releases annual statistics revealing how its research and development (R&D) tax relief scheme has been used by UK companies. Our experts analyse these statistics to spot trends in the scheme’s usage, so we can support as many companies as we can. The stats delve into average claim values, usage by sector, and regional data on both the number and value of claims.
We have picked out some of the more interesting insights and prepared analysis of our own, from the most recent statistics for the tax year 2021-2022. There is also a link to the source data for those who want a more in-depth look.
Connect with an Expert
To schedule a consultation and discover how Ryan can help propel your business to new heights, simply fill in the form below, and a member of our team will be in touch.
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