FAQs
Are you eligible to claim R&D Tax Credits?
R&D relief is eligible on any project that qualifies as part of a specific project that makes an advance in science or technology. It can even be claimed on unsuccessful projects.
What is eligible expenditure?
R&D costs can include: Staff costs, External workers, Sub-contractors, Software & Consumables
Can you work with my accountant?
Yes – we have worked with many Accountants over the years.
Can I claim for R&D even though I’m loss making?
Loss making companies can claim R&D tax credits, cash back from HMRC.
- A loss making SME can secure a benefit between 14.5% and 33% of its R&D expenditure.
- A loss making Large company or subsidised project can secure a benefit of 9.7% of its R&D expenditure.
- Loss making SME companies also have the option of not surrendering the R&D loss but instead carrying the loss forward/backwards against profits.
My accountant said I am not eligible for R&D tax credits.
That may well be the case. However, as R&D Tax Specialists, we can often find genuine eligibility where a non-specialist (most Accountants) cannot. Using sub-contractors