aim key cog flag clipboard-pencil podium flare signal lamp pie-chart graph scale2 hammer2 balance traffic-lights road archery wall share2 warning notification-circle circle-minus prohibited book book2 bookmark More_Amended_Icons Amended Icons_white_on_red Amended Icons_white_on_red Amended Icons_white_on_red Amended Icons_white_on_red Amended Icons_white_on_red More_Amended_Icons Amended Icons_white_on_red Amended Icons_white_on_red sync

Call your nearest office

Or ask us a question

Search our site

What are you looking for?

Who qualifies?

If you’d like to find out more about R&D tax credits and what they could mean for your business, get in touch using the contact form or request a free, no obligation call back from our team.

Who qualifies?

Many business owners wrongly think R&D tax relief is reserved for companies with labs full of scientists in white coats. Because of this, a vast number of businesses in the UK assume they are ineligible to receive tax relief. The reality is any company subject to Corporation Tax that can demonstrate it is attempting to overcome a technological or scientific uncertainty qualifies.

We work with a vast range of businesses all over the UK ranging from architects, vets and manufacturers to engineers, exhibition designers, digital agencies and breweries. The relief really is open to all industries.

Currently, there are two different schemes available for those who meet HMRCs requirements: the Small or Medium-sized Enterprise (SME) Scheme and Research and Development Expenditure Credits (RDEC).

SMEs are companies employing less than 500 staff with revenues less than €100m or gross assets that don’t exceed €86m (companies exceeding this are still able to claim under the RDEC scheme).

The RDEC scheme allows large companies to claim R&D tax credits for work carried out on or after 1 April 2013, though the rate of relief is much lower than that available to SMEs. The net cash benefit is currently 8.8% of qualifiable expenditure. RDEC replaces the older Large Company scheme as of April 2016.

 

If you’d like to find out more about R&D tax credits and what they could mean for your business, get in touch using the contact form or request a free, no obligation call back from our team.

What our clients are saying

Don't just take our word for it. Read what the companies we work with are saying about us.
Find out more

We do more than just R&D

R&D Tax Credits are only a small part of how we can help your business.
 
Find out more

About us

Haines Watts is a top 15 firm of chartered accountants supporting over 35,000 business owners across the UK.
Find out more

Get in touch

Whatever issue or question you have, we’ve got the answer.
If you want to get in
touch then please complete our form.

HW Newcastle

Cale Cross House
156 Pilgrim Street
Newcastle upon Tyne
NE1 6SU

HW Darlington

Sterling House
22 Saint Cuthbert’s Way
Darlington
DL1 1GB

Our addresses

HW Newcastle

Cale Cross House
156 Pilgrim Street
Newcastle upon Tyne
NE1 6SU

Tel: 0191 2699 960

HW Darlington

Sterling House
22 Saint Cuthbert’s Way
Darlington
DL1 1GB

Tel: 01325 254700