R&D tax credit review to help UK retain world-class innovation ecosystem
Crowe Cast: Innovation
Research & Development claims: Top tips
R&D tax credits: Subcontractor or Externally Provided Worker
Our experience is that many companies have not realised the full extent of the R&D tax credits available to them. Any UK company that is looking to develop new products or processes, or to improve its products or processes, may be entitled to claim this relief.
Our specialist Innovation Taxes team are experienced in helping companies to maximise their R&D tax credits.
We have helped all sizes of companies across a wide range of sectors, not just technology and research based companies.
If your company is carrying on R&D you can claim R&D tax credits under either the SME R&D scheme, the Large company R&D scheme.
In certain circumstances where your company is a subcontractor, or has received a grant or subsidy to help with the R&D, it may be either wholly under the Large company R&D scheme (irrespective of the size of the company) or it may be partly under the SME R&D scheme and partly under the Large company R&D scheme.
Find out more about choosing the right R&D scheme
A project needs to meet two criterion to be eligible for R&D tax credits. Firstly, it has to seek to achieve an advance in knowledge or capabilities in the field of science or technology, and secondly the advance has to be through the resolution of technological uncertainties.
The main obstacle for many is understanding what R&D means and if your company is actually doing it.
Developing new or improved products or processes.
Investing in technology, including the development of new or improved software when used:
Investing in software to make your business run more efficiently.
Click on your sector below to find out if you are able to claim using our simple questionnaire.
Software and IT
Property and construction
Food and drink
Renewables and environmental technologies
Employee costs, including gross salaries, NIC'ers and company pension costs and some reimbursed expenses.
Subcontractor costs and employee costs of other group companies helping with the R&D.
Materials, consumables and prototype costs.
Light, heat and rates.
Rent, rates and office overheads.
Stationery, printing, postage and telecommunications.
By taking the time to get to know your business we can not only maximise your R&D tax credits, but this will also help us to spot other tax and business opportunities for you.
Whatever stage you are at in the intellectual property lifecycle, whether it be research, exploitation, growth, or planning for succession or exit, we are a multi-disciplined business with the expertise to help your business throughout its end-to-end journey.
We can help you maximise the available benefits by:
Helping your business make the most of its assets by looking at tax incentives.