Am I Eligible for R&D Tax Credits?

Am I Eligible for R&D Tax Credits?

Don’t assume your business is not eligible. Contact Us for your FREE Discovery Call to find out.

SMEs from any industry could be eligible through projects and activities that improve or create new products, services, processes.

Eligible SMEs:

  • An active limited company based in the UK
  • Have less than 500 staff
  • Turnover less than €100m  (or a balance sheet total under €86m)

Typical Industries that are claiming R&D Tax Credits include:

  • Digital Technology (Fintech, Software development, Artificial Intelligence, Robotics, Blockchain)
  • Engineering & Manufacturing (Casting, Coatings, Machining, Fabrication etc.)
  • Food & Drink (Breweries, Distilleries, Vineyards etc.)
  • Agriculture (Agritech, Horticulture)
  • Architecture & Construction
  • Automotive & Aerospace
  • Chemical Engineering
  • Life Science (Biotechnology, nutraceuticals)

Successful and unsuccessful projects could generate R&D tax credits for your business

For a successful R&D tax credit claim, we will need to show evidence that your project/activity:

  • Looked for an advance in science or technology
  • Overcame uncertainty – you did not know if it would succeed or not
  • Could not easily be achieved/worked out by a professional in the field

Have you done any of the following?

  • Have you carried out one-off projects?
  • Do you do bespoke work for clients?
  • Have you engaged in trial and error?
  • Do you try different methods, material samples, etc?
  • Have you used subcontractors?
  • Have you automated something?
  • Have you developed new materials?
  • Have you created new software?

If the answer is yes to any of these, then you may be eligible for R&D tax credits.

 

Contact us for your FREE discovery call on 01684 252464 or email us at info@quantumtax.co.uk