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.

In terms of industries, companies across a broad range of sectors have successfully claimed R&D Tax Credits, including: