A cash incentive for performing R&D

The UK government provides a generous scheme for companies undertaking R&D. This can fund a substantial proportion of the R&D activities (up to a more than 33% for a SME company and up to 12% for a large one). Qualifying costs can include staff/contractor/subcontract costs, consumables, software licences etc.

  • up to a little over 33% of the qualifying R&D costs on projects for SMEs.
  • up to 12% of the qualifying R&D costs on projects for Large companies;​​

Contrary to perception, R&D is not about “rocket science” and many of the activities performed in the normal course of development can qualify. The key test is whether the development involves certain “technological uncertainties” for which experienced “competent professionals” do not have readily available solutions. ​We help you understand the guidance to be able to apply it correctly and fully benefit from the schemes.​ We work with your technical and accounting people to prepare a robust claim.

We take the claim through the full process of preparation, submission and agreement with HMRC on your behalf and are able to offer a fee structure that means you only pay us for successful claims.

Please see below for how the R&D scheme is relevant in your industry sector and for companies like yourselves.

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  • Technology, Media and Telecom (TMT)
    Technology, Media and Telecom (TMT)
    MT companies are well suited to claim R&D tax credits. Design and development of new technologies, software architectures, rich media delivery / rights management systems, telecom carriers/billing solutions etc. are all rich areas of R&D. New generation Internet startups can benefit substantially from the scheme helping them on their journey to the next stage.
  • Financial Services
    Financial Services
    Although Financial Services are conventionally not perceived as performing R&D, the development of IT systems to deliver connected straight through processing systems can often qualify. Development of transaction processing systems, large data warehouses, CRM solutions, online account management, mobile apps etc. can all qualify.
  • Consumer Business and Retail
    Consumer Business and Retail
    Companies in the consumer business / retail sectors often spend significant amounts of money on developing IT systems to power their supply chain, CRM, enterprise planning (ERP), manufcaturing planning (MRP), data warehouses, PoS systems. All of these areas can include work that qualifies for R&D tax credits.
  • Manufacturing
    Manufacturing

    Manufacturing companies may often think of activities as routine and not qualifying for R&D. However this is a sector where R&D qualifying activity can be found in a number of areas including product design and development, and specialised testing. Additionally, process improvements to enable higher throughput, better quality and waste reduction can also qualify.

  • Life Science
    Life Science

    The traditional stronghold of R&D activities, this is a sector that can benefit substantially from the R&D scheme. Qualifying activities can include the full spectrum of work including drug discovery, novel chemicals/proteins design, assays, formulation and various stages of testing.

  • Video Games
    Video Games
    The gaming industry is often at the forefront of research and development projects. Qualifying activities in this area can include work on the development and testing of physics engines, light rendering, character animation improvements etc. Work done in migrating a game to a new console can also qualify.
  • Oil & Gas
    Oil & Gas
    Oil & Gas, as a resource intensive and exploratory field, involves a range of activities that can qualify for R&D. From upstream modeling and simulation work to seismic data processing and the engineering design work involved in production, the potential for R&D eligibility is substantial.