Is it possible for a company that is limited by guarantee to submit an R&D tax credit claim?

A company limited by guarantee can qualify for an R&D claim if it meets the standard eligibility criteria. Such a company does not have a share capital and instead has members, with their liability limited to the amount they contribute to the company’s assets. Companies limited by guarantee are often not-for-profit organisations, where any profits are reinvested back into the business rather than distributed to members.

R&D tax credits are a form of corporation tax relief, and they are generally available to any company subject to UK corporation tax. This includes companies limited by guarantee, just like companies limited by share capital, making them eligible for R&D tax credits.