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Accounting & Finance
Accounting and finance
Accounting and finance
Explore the accounting and financial aspects of R&D tax credits
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Questions in this topic
HMRC expects claims to be supported by detailed technical documentation, not just a summary of expenditure. A General Ledger Detail, often referred to as a nominal ledger, is a core part of that evidential base when claiming R&D for tax purposes. This ledger should clearly…
Read the full answerThe 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 answerThe financial value of an R&D tax relief claim will depend on a variety of factors. These factors include: The timing of the accounting period the claim relates to Whether the company is profit-making or loss-making The proportion of company expenditure linked to qualifying R&D…
Read the full answerThere are several key details every business should understand when preparing their Corporation Tax return (CT600), particularly where an R&D tax relief claim is involved. These details help ensure the R&D claim is presented correctly and aligns with HMRC’s current submission criteria. This includes: Formatting…
Read the full answerIf expenses eligible for R&D have been treated as an intangible asset, you can still claim them by deducting the cost of the intangible asset in your tax calculation. This deduction can be made either when the cost is recognised as an expense or over…
Read the full answerGenerally, it is not necessary to restate or refile your statutory accounts when making an R&D claim. Claims are treated as a prior-year tax adjustment, which means they are submitted through your Corporation Tax Return (CT600) rather than changing your published statutory accounts. This approach…
Read the full answerAs leading R&D tax credit specialists, our expert team can take leadership over your R&D claim to align it with HMRC’s standards, ensuring that you get the greatest benefit you’re eligible for. Accounting and finance for R&D tax credits can be complex, but we simplify…
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Eligibility criteria
Determine your eligibility for R&D tax relief, who can claim, and more
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ERIS scheme
Explore the intricacies of Enhanced R&D Intensive Support (ERIS)
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HMRC enquiries
Instances of HMRC enquiries and their impact on the outcome
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Merged scheme
Explore insights into financial incentives for your business's R&D innovation
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Qualifying expenditure
Everything you need to know about qualifying R&D costs in one place
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R&D tax credit scheme
Discover the ins and outs of R&D tax relief and their impact on business
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The claim process
Everything you need to know for claiming R&D tax credits
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The outcome
Discover the outcomes of R&D tax credits to make informed decisions
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Not sure where your claim fits?
Answer a few questions and estimate whether your business may qualify for R&D tax relief.
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Still need help with your R&D tax question?
Our hassle-free and streamlined process is waiting for you to get started and to make you feel confident throughout your R&D claim application.
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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
Optional — leave as 0 if none
What industry are you in?
This helps us provide tailored guidance
Your estimated R&D tax credit
£0*
- This amount is only an estimate — actual claim may vary*
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