What is the qualifying criteria for an SME scheme?

To be eligible for R&D tax credits under the SME scheme, your business must meet the following criteria: 

• Have less than 500 employees
• Have an annual turnover of less than €100m
• Have a balance sheet total of under €86m

Note: The values are stated in Euros because the definition of SMEs was originally established via the European Commission. R&D tax credits however, have no affiliation with the European Union or any of its funding.