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Knowledge Library
Explore the complexities of R&D tax credits with our comprehensive knowledge library. Containing information on topics such as R&D eligibility criteria, HMRC enquiries, accounting and finance, qualifying R&D costs, R&D schemes, the claim process, R&D tax relief and the outcomes. Our knowledge library is the key to understanding R&D tax credits. Navigate the intricacies of R&D tax credits available to businesses in the UK.
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Accounting and finance
Explore the accounting and financial aspects of R&D tax credits
Eligibility criteria
Determine your eligibility for R&D tax relief, who can claim, and more
ERIS scheme
Explore the intricacies of Enhanced R&D Intensive Support (ERIS)
HMRC enquiries
Instances of HMRC enquiries and their impact on the outcome
Merged scheme
Explore insights into financial incentives for your business's R&D innovation
Qualifying expenditure
Everything you need to know about qualifying R&D costs in one place
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Popular questions
The accounting treatment of R&D tax relief will depend on which scheme applies to your project based on eligibility and level of qualifying R&D expenditure. Accounting Periods Beginning On or After 1 April 2024 For most companies, the merged scheme now applies. The merged scheme…
Read the full answerIf you’ve been investing in research and development but your company hasn’t turned a profit yet, you may still be able to claim R&D tax credit relief. This government incentive was introduced in order to support businesses carrying out qualifying R&D activities, even during early…
Read the full answerThe Enhanced R&D Intensive Support (ERIS) scheme was designed for SMEs who are loss-making and have spent a significant proportion of their costs on research and development. For accounting periods beginning on or after 1 April 2024, a business that meets the ERIS conditions can…
Read the full answerSometimes, an R&D tax credit claim may be offset against outstanding tax owed to HMRC. This means that where a company has unpaid tax obligations, HMRC may apply the value of the R&D tax relief to those amounts before any remaining balance is released to…
Read the full answerA claim under the R&D Merged Scheme is made through the company's Corporation Tax return. Before submitting the claim, the company needs to identify its qualifying R&D projects, determine which activities meet the definition of R&D for tax purposes and calculate the qualifying expenditure associated…
Read the full answerEmployee wages: Salaries, wages, bonuses, employer National Insurance Contributions (NIC) and pension contributions of employees directly involved in qualifying R&D activities are generally eligible types of expenditure. This typically includes: Researchers Engineers Technical staff These types of employees if the project must have been actively…
Read the full answerAs of 1 April 2024, the UK R&D tax relief system consists of two primary forms of support: the merged R&D scheme and Enhanced R&D Intensive Support (ERIS). These changes were introduced by HMRC to simplify the R&D tax credit relief regime and provide additional…
Read the full answerNo, businesses do not need to wait until an R&D project has been completed before making a claim. If your company has incurred qualifying R&D expenditure during an accounting period, those costs can be included in an R&D tax relief claim, even if the project…
Read the full answerThe value of your R&D tax relief claim depends on several factors, including your qualifying R&D expenditure, the scheme your claim falls under, and the accounting period being claimed. It also depends on whether your company is profitable or loss-making, as this can affect how…
Read the full answerDe minimis state aid grants refers to a form of state aid provided by the government to businesses, but it is subject to a maximum allowable amount over a specific period of time. For this reason, it could have a significant impact on SMEs (small…
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R&D Tax Credit Calculator
R&D Tax Credit Calculator
Is your company registered in the UK?
Only UK companies paying Corporation Tax can claim R&D tax credits
Unfortunately, only UK-registered companies are eligible for R&D tax credits. If you are considering UK incorporation, we can advise you.
Is your company currently profitable?
This determines whether you receive tax relief or a cash credit
Estimated annual R&D spend
Include staff costs, materials, software, and subcontractors
£100,000
Annual R&D expenditure
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