Research & Development Tax Relief


The recent pandemic has shown that managing cash flow has perhaps never been more important.  One valuable area for unlocking cash for companies is the Research & Development (R&D) tax credit system.  This is often overlooked and not considered a high enough priority to consider investigating. However, with the benefits that this relief can provide, it is certainly something that should be considered in much more detail during the current climate.

R&D and HMRC

R&D Tax Relief is a government-backed relief designed to encourage companies to engage in R&D activities which advance the current state of science or technology.  As well as offering enhanced tax relief on qualifying expenditure, loss making SME companies can surrender the additional tax relief obtained for an immediate repayment from HM Revenue and Customs (HMRC).  This repayment can provide an invaluable boost to a company’s cashflow.

How we can help

  • Our R&D experts spend time getting to know your business, discussing your overall R&D strategy and how this could be included as qualifying expenditure
  • We’ll provide clear and straightforward advice and identify the feasibility of any claim
  • The team will prepare submissions for HMRC with the necessary procedural details of your project
  • We’ll then oversee the submission of the approved claim and deal with any subsequent correspondence to enable you to focus on your day-to-day operations
Interested in discussing this further with our Tax team?
Need help? Contact one of our advisers