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Research and Development

Research and Development

Research and development (R&D) tax credits are a non-refundable cash injection that companies can claim when filing their tax returns if they conduct R&D activities. Your company does not need to be profitable to benefit, both loss-making and profit-making companies can benefit from the R&D tax credits regime. It can be worth Tens of Thousands of pounds worth of relief (and more).

The definition of R&D is very broad, it includes much more than the conventional perception of R&D (staff in white labs coats researching medical treatment is the usual perception). It can include many different areas in industry where it may not seem on initial glance it is R&D but for the R&D tax credits regime it can be, and as a result, large refunds are issued by HMRC to companies who make a claim.

Research and Development

Below are a few examples of companies that have claimed R&D tax credits and received thousands of pounds of cash injection from HMRC:

  • Software companies that invest in their technology
  • Construction companies that look at innovate building projects
  • Manufacturing companies that look at new products or processes

The activities of research companies such as life science companies would also fall within the regime but there is a real opportunity for all types of companies to qualify under the regime and receive large amounts of cash injections from HMRC.

We have a wealth of knowledge and experience to help identify R&D within businesses, maximise a claim and make a claim on behalf of a company.

Have a chat with Ian Timms, our Head of Business Tax

If you would like to find out more about R&D tax cedits, please get in touch.

Call Ian on 01865 261100.

Have a chat with Ian Timms, our Head of Business Tax

Key Business Tax Team Members

Ian Timms

Ian Timms

Ian is a Partner and the Head of Business Tax at Critchleys LLP.

More on Ian

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