Is Your Business Eligible For An R&D Claim?
R&D Tax Claims
Is your company capitalising on R&D tax relief?
UK businesses can claim tax credits for Research and Development (R&D) through government-funded schemes designed to support innovation across the economy. We can help you determine your eligibility for an R&D tax credit claim and find the best way to maximise your return from R&D projects.
R&D Tax Relief
How can our R&D tax credit specialists help you?
Engagement and consultation
Our experts will engage with your dedicated contact for an exploratory consultation. We’ll learn more about your business, your R&D projects, and gather any relevant financial and technical information to determine if you’re eligible for R&D tax relief. We are flexible in how we work with you, and we will agree on your preferred claim delivery process and timelines at this stage.
Technical assessment and information gathering
Our technical specialists work directly with your technical teams to gather and review the project documentation and supporting evidence we need for your claim. We conduct technical interviews with R&D leaders across your company to ensure all potential R&D activities qualify. Our expert advisers carry out a detailed review of your business activities and leave no stone unturned in seeking out eligible R&D.
Financial calculation
We collect and process your financial data to calculate your claimable R&D tax credits. We will share our claim estimate with you at this stage and collaborate with your finance team to verify the eligible costs identified - ensuring we are maximising your claim in a compliant manner.
Report preparation
Our team work with you to produce a report that outlines your eligible R&D activities and qualifying costs, as well as any evidence needed to support your claim. We have an internal quality assurance procedure that all reports go through before being sent to you for final approval.
HMRC submission and management
We can submit your claim on your behalf and manage the claim process with HMRC post-submission. We work closely with your finance team to ensure that the claim is submitted promptly and meets all the necessary requirements.
Get in touch
As a trusted tax adviser to our clients, we’re here to make sure you capitalise on available reductions, safeguard the value of your assets and manage your relationship with HMRC whenever needed.
We offer a broad range of accountancy and professional services that can be delivered alongside R&D tax claims to maximise the long-term growth of your business.
We’d be happy to arrange a free consultation – simply fill in the enquiry form or call us on the number below.
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+44 (0)20 7299 1400Get in touch
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Why Choose Us
Why Gerald Edelman?
Our tax advisers have years of experience making R&D tax claims on behalf of business owners and directors looking to benefit from available credits and minimise their tax liability.
We can do the same for you by helping you plan R&D projects in line with the latest guidelines, and structure your activities in the most tax-efficient way possible. Any business in any sector can apply for tax exemptions for R&D activities, providing they are registered as a limited company in the UK. It’s also possible for limited liability partnerships to benefit from the scheme, though they can only claim if the project is completed in partnership with a business that pays corporation tax.
There are two main schemes to be aware of: R&D Expenditure Credit (RDEC, typically used by larger organisations) and R&D Tax Relief (typically used by SMEs). The criteria issued by HMRC for both of these schemes is relatively complex and constantly being updated, so it makes sense to check your approach with a tax professional to ensure that any planned activities qualify for relief.
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Frequently asked questions
How much tax relief can I claim for R&D activities?
The amount of tax relief you can claim back will depend on the size of your company, the scheme used, the amount of eligible expenditure incurred and the current rates in the year you are claiming. For SMEs, the tax relief for profit making companies is typically 130% of the qualifying R&D expenditure resulting in 25p back for every £1 of qualifying R&D expenditure, and a 13% taxable credit for larger companies claiming under the RDEC scheme, resulting in approximately 11p received on every £1 spent after tax. However, these rates are subject to dramatic change post 1 April 2023 and you’ll still need to speak with a specialist adviser to determine the exact amount of relief you can receive.
What is the deadline for submitting an R&D tax relief claim?
The deadline for submitting an R&D tax relief claim is generally two years after the end of the accounting period in which the R&D expenditure was incurred. For example, if a company’s accounting period ended on 5 April 2023, the deadline for submitting an R&D tax relief claim for that period would be 5 April 2025.
What happens if my R&D tax relief claim is rejected?
HMRC have been increasing compliance checks on claims and there is a chance they may open an enquiry into your claim. You have the right to appeal the decision if your R&D tax relief claim is rejected by HMRC. However, many companies choose to partner with an expert adviser to prepare their application, minimise their chances of rejection and secure their tax relief at the first time of asking with no complications.