What is R&D Tax Relief? 

The definition of R&D for tax purposes is more encompassing than many companies perceive, and we've facilitated successful claims for clients across diverse industries such as manufacturing, technology, logistics, construction and more.

Profitable small and medium-sized enterprises (SMEs) can secure an amplified deduction of 130%, translating into a tax relief of up to 44% of the eligible expenditure. This essentially diminishes the net cost to £56 for every £100 spent.

The scheme is notably advantageous for early-stage and loss-incurring companies, as they can receive a payable tax credit from HMRC equating to approximately 33% of the qualifying expenditure.

For large companies a tax credit, equal to 13% of the eligible expenditure, is available. This can be recognised as a taxable item above operating profit in a company’s financial statements, with the net amount of 10.5% payable to the company.

Who can apply for R&D tax relief?

Do you employ or subcontract technical expertise to solve technical problems, perhaps developing new or improved processes, products, or software? Signature Tax can help you claim R&D Tax Relief from HMRC.

Your business size, sector, or profitability doesn't affect your eligibility to claim. Whether you're a profit-making or loss-making entity, you could potentially lower your corporation tax liability or even obtain a cash credit. Although R&D tax relief is one of the most substantial government-sponsored tax relief initiatives today, many companies are unaware of their qualification.

To be eligible for R&D tax relief, your initiatives must adhere to HMRC's R&D criteria - however, this scope is broader than it initially appears.

Why Signature Tax?

R&D Tax Reliefs done properly: Robust claims, prepared and maximised by specialists with minimum disruption to you.

Signature Tax team of specialists offers a robust R&D tax relief claims service; our team of dedicated R&D specialists will prepare and maximise the value of your claim and identify wider tax-saving opportunities, while ensuring full compliance and minimising the effort required from you.

HMRC is cracking down heavily on error strewn R&D Tax Relief claims, so it has never been more important to work with a specialist you trust, with detailed quality assurance processes to ensure claims are fully optimised and compliant.

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