Am I Eligible for R&D Tax Credits?

1. Firstly to qualify for an R&D Tax Credit claim (under the SME scheme) you need to be:

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

Small businesses from any industry could be eligible for R&D Tax Credits.  Don’t assume your business is not eligible.  55% of eligible businesses are still not claiming what they are entitled to.

2. Secondly have you done any of the following?

  • Carried out one-off projects?
  • Do bespoke work for clients?
  • Engaged in trial and error?
  • Tried different methods, material samples to find solutions, etc?
  • Tried to automated something?
  • Developed new materials?
  • Created new software?

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

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

3. And thirdly 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 – i.e. you did not know if it would succeed or not
  • Could not easily be achieved/worked out by a professional in the field

Contact Us for your FREE Discovery Call to find out if your business is eligible on 01684 252464

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

  • Sustainable businesses (solar power, wind power, eco-houses)
  • 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)