At our firm, we specialize in aiding innovative companies in unlocking noteworthy cost savings through R&D Tax Credits. Our exceptional achievements speak volumes, as we have effectively secured over £1 million in R&D Tax Relief for our valued clients across the United Kingdom. By partnering with a dedicated R&D Tax consultancy, you can have peace of mind knowing that every eligible expenditure will be diligently identified and accurately included in your claim.
Projects that qualify as research and development.
To be eligible for R&D tax relief, the work undertaken must form an integral part of a designated project aimed at achieving a significant breakthrough in the fields of science or technology.
It is not possible to make a claim if the advance is in any of the following:
The fields of arts, humanities, and social sciences, which also includes economics. The project should be connected to your company's industry, whether it is an established one or a new venture that you plan to launch following the research and development outcomes
Progress in the industry.
To ensure the success of your project, it is crucial that it contributes to advancements in the broader field rather than solely benefiting your business. It is worth noting that even if the process, product, or service has been created by another company but remains undisclosed or inaccessible to the public, it can still be considered an advancement.
Different categories of R&D tax relief are applicable to accounting periods that commence prior to 1 April 2024.
R&D tax relief is classified into two types, based on the size of your company and whether the project has been subcontracted to you or is subsidized, or both.
Project Completed
