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?

R&D tax relief rewards companies for investing in innovation and technological advancements. It allows eligible companies to claim a reduction in its corporation tax profit or increase its loss, resulting in either a reduction in corporation tax liability, creation or increase of tax losses, or a payable cash credit based on qualifying R&D expenditure.

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:

UK-registered
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

Eligibility Assessment

Our team of R&D tax relief specialists will conduct a comprehensive eligibility assessment to determine if your activities qualify for R&D tax relief. We’ll perform a detailed analysis of your R&D projects, expenditures, and documentation to ensure that you meet the criteria set by HM Revenue & Customs (HMRC). Our experts will ensure you’re capturing all eligible expenses to maximise your potential tax benefits.

R&D Tax Relief Calculation

Calculating your R&D tax relief accurately is key to optimising your financial benefits. Our team will handle the complex calculations, taking into account the applicable R&D tax relief scheme, whether it’s the SME scheme or the RDEC scheme. We’ll ensure you claim the correct amount and provide you with detailed and robust documentation to support your claim.

Documentation Preparation

Preparing the necessary documentation for your R&D tax relief claim can be time-consuming and overwhelming. We’ll guide you through the process and assist in the preparation of all required documentation, including technical narratives, financial records, project descriptions, and supporting evidence. Our experts will ensure your claim is well-documented and compliant with HMRC guidelines.

HMRC Compliance and Support

Navigating the complexities of HMRC’s R&D tax relief scheme can be challenging. Our team will handle all interactions with HMRC on your behalf, ensuring compliance and addressing any queries or inquiries. We’ll provide ongoing support, helping you maintain compliance and maximising your tax benefits in the long term.

Why Ryan?

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.

take an in-depth look

Connect with an Expert

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