Our UK Services Include
Unique and proactive R&D Credit-aware legal advice throughout the year
Proactive and simple evidence curation year-round to maximise your claim, audit-prep your claim, and minimise your effort
Non-intrusive and integrated services whether you’re a 3-person shop or a Fortune 500 company
Preparation of all required forms
Monitoring your R&D claim once filed
Audit defence and negotiation during HMRC reviews
Consult, advise and make recommendations associated with future claims
Our personalised and highly professional team will help you in understanding the programme and its subtleties, taking care of your claim, allowing you to focus on your business.
General Programme Information
Following extensive public review in 2009 and 2010, spurred by the Dyson Report from global entrepreneur and inventor Sir James Dyson, the Cameron administration boosted the UK R&D Tax Credit programme significantly.
R&D tax credits can either reduce a company’s tax bill or, for some small or medium sized companies, provide a cash sum. The R&D tax credit works by allowing certain companies to deduct up to 225% of qualifying expenditure on R&D activities when calculating their profit for tax purposes.
There is a time limit of two years from the end of the accounting period to submit an R&D claim with the return. In addition, SMEs may choose to “trade in” their R&D losses and receive up to 24p for each £1 spent on qualifying R&D.
But only if you are eligible under the law: all R&D Tax Credit claims are made, or broken, under the law. Corporate, tax, intellectual property, and international law. It’s all in the details. If you get any of those legal details wrong, you simply won’t be entitled to any benefits no matter how innovative your R&D efforts may be.
Leverage our unique combination of legal and scientific/technical skills to maximise and protect your R&D claim.
Who can claim SR&ED tax credits?
a small or medium company (SME), or
any company other than a SME (a large company).
In terms of industries, companies across a broad range of sectors have successfully claimed R&D Tax Credits, including:
Aerospace, Defense and Security
advanced systems development, systems integration, obsolescence and lifecycle enhancements, materials science and engineering, structural and mechanical systems, optics, RADAR and LIDAR systems, security and simulation software, propulsion systems, aeronautics, airframe, avionics, repair methods, STC’s and LSTC’s.
software development, enterprise solutions, embedded systems, mobile and cloud based solutions, big data analytics, visualization systems, simulation systems, gaming systems, frameworks and engines.
machine modifications, process improvement, unique products. Mechanical, chemical, structural engineering products.
hardware developments, modification and customization.
Oil, Gas, and Energy
clean tech, biomass, solar, cogen equipment and methods, exploration equipment and methods, biofuels, drilling equipment and methods, compressors, well servicing equipment, hydraulic fracturing methods and equipment, analytics.
Materials engineering and sciences
nano materials and coatings.
new materials, heat treatments, unique solutions.
resin types, quality and production time, polymers.
chemical design and synthesis, formulation, processes, experimentation.
technological experimentation, product development
How is an SME and a large company defined?
A large company is one which does not meet this definition.