R&D Advisors

R&D explained

Imagination. Innovation. Iteration. You do this, and we can help. Here’s how.
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Solving unusual business problems.

Imagination. Innovation. Iteration.

At R&D Advisors, we know these are the key ingredients to research & development. But how you explain what you are doing is sometimes as hard as doing it in the first place. That’s where we can help. We specialise in achieving Research and Development Tax Credits for businesses across all industry sectors.

Our unique, one-to-one consultancy approach to client claims delivers the best possible outcome for enterprises of any size – from SMEs to large corporates. A successful claim will generate vital supplementary cash flows for your firm, genuinely reflecting and rewarding the effort and ingenuity you have put into solving unusual business problems.

We work for you directly or, if you would prefer, we also offer the specialist support your accountancy firm or tax advisor often needs when preparing and submitting complicated R&D claims. With the support of our claims expertise and our trusted relationships within the relevant department at HMRC, your R&D is conveyed in the best possible light.

All this is why R&D Advisors are trusted by firms ranging in turnover from £1million to £2 billion to support their innovation and handle their specialist R&D claims submissions, year after year.

How you claim depends on the size of your company

Small and medium sized companies (SME)

The financial benefit on average will be 33% of the cost of the R&D project.

Fewer than 500 members of staff

Even a company with a large workforce measuring in the hundreds can be considered an SME in R&D terms.

Under €100m turnover or a balance sheet total under €86m

If a firm meets both criteria for its balance-sheet size and its turnover, then it is considered an SME for R&D claims.

Research & Development Expenditure Credit (RDEC)

The large company scheme calculates claims at 12% of your company’s qualifying R&D expenditure

More than 500 members of staff

If you have a very large workforce of 500 employees or more, your firm will automatically classify for an RDEC claim.

Large asset base

Companies classed as RDEC have balance sheets in excess of £75m.

We can help you identify your R&D

No one knows your R&D like you do, but sometimes it is tough to explain. That is why at R&D Advisors, we consider ourselves not only to be tax experts — but communicators too.

Your tax-relief submission cannot be a simple matter of form-filling. Only by truly understanding the projects you undertake can the true value of your R&D be conveyed in the language HMRC understands. That is why we pride ourselves on our unique, one-to-one consultancy approach.

In addition to the preparation and submission of your R&D Tax Credits Scheme claim, with R&D Advisors, you will have access to:

  • a dedicated Client Manager on call
  • plain-English bulletins on all government R&D regulations and directives
  • a confidential R&D record-keeping service
  • R&D best-practice coaching and workshops
  • Intellectual-property assessment and advocacy

The purpose of HMRC’s R&D Tax Credits Scheme is to stimulate investment in research and development in the UK economy. We know your R&D is continuously evolving. That is why we maintain an ongoing, year-round relationship with our partners to work not only on their tax-relief claim but also to help facilitate their R&D itself.

With R&D Advisors on hand, you will maximise the returns you get both from your tax-relief application and from your finished R&D.

Develop together. It’s the RDA Way

R&D tax relief can apply to any company in any sector

  • A project must seek to achieve an advance in science or technology
  • The activities that directly contribute to achieving this advance are R&D.

  • The project can be a new creation or an improvement
  • Improving existing processes or products, as well as creating new ones, involves R&D.

  • Failure can still count as R&D
  • Even if the project doesn’t succeed or isn’t fully realised, R&D still takes place.

How R&D might take place in your industry sector:

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If you would like to give us some background details here before requesting a call back, please do, and of our team will contact you as soon as possible.

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R&D tax credits are calculated based on your R&D spend

Lots can qualify for R&D tax relief. Work you do in planning, designing, testing, analysing, adapting or creating new products or processes can all count.

  • Corporation Tax reduction if you are profit-making
  • Cash credit if you are loss-making
  • Or a combination of the two

What we will do for you

Review
Undertake a final review

Undertake a final review of the completed report before sending to client

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Prepare and submit

Prepare tax computations and calculation in preparation for submission to HMRC

Check
Complete all checks

Complete final check of all documentation before submission to HMRC

Clients
Confim who is submitting

Confirm who is submitting the claim - us or the client’s accountant

Communicate
Communicate

Communicate with the client and their accountant the expected result and value of the claim

Submit
Submit & follow up

Submit the claim ourselves or follow up with the clients’ accountant if they are sending it to HMRC

Check your eligibility

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Find out now if you qualify for R&D tax credit by answering a few simple questions

​Is your company registered for Corporation Tax in the UK?

Yes
No

Check how R&D tax credits would work for you

Answer a few quick and simple questions to see where your company is eligible for tax credit.

Frequently asked questions

qCan I claim R&D tax credits even if I haven’t paid Corporation Tax?

Yes. Even loss-making companies are eligible for R&D tax relief.

qWhat kind of businesses can claim R&D Tax Credits?

All UK-registered limited companies are eligible – it really doesn’t matter what industry sector they operate in. A limited-liability partnership (LLP) can only claim if a Corporation Tax-paying firm outsourced some of its R&D to the LLP. Sole traders are ineligible.

qWhat kind of expenditure qualifies?

There is a lot that can qualify for R&D tax relief. This can range from planning, designing, testing and analysis methods through to the creation and adaptation of materials, equipment or software. Even staff time given to things like the record-keeping, maintenance, security protection and training in relation to the R&D project can all count under the R&D Tax Credit Scheme. But it’s worth getting in touch to find out more.

qWhy would the government do this?

Throughout history, the UK – birthplace of the telescope, the telephone, the television and the text message – has been at the forefront of innovation and invention. To keep the country at the cutting edge, the government’s Industrial Strategy has committed to raising total R&D expenditure to 2.4% of GDP by 2027, up from 1.7% in 2018. And, because government research shows that every pound it gives out in R&D tax relief returns between £2.40 and £2.70 in extra R&D investment, the R&D Tax Credits scheme has been designed to facilitate this.

qWhat could my claim be worth?

That depends on your company’s circumstances. But when it released its figures for 2018-19 – the year for which the figures are most recently available – the government found the UK’s biggest firms had made 7,105 claims under the RDEC scheme, for a total of £2.4 billion. That made the average large-company RDEC claim almost £350,000. There were 52,160 claims under the SME scheme with the average pay-out standing at £57,515. A further £265 million was shared by small and medium sized companies from the RDEC scheme.

qHow is it paid?

Some claims are purely for a reduction in Corporation Tax liability. But in some cases, an SME might use its R&D tax credit to reduce its tax bill to zero, and then take the rest as a cash payment. In other cases, the SME might carry forward its tax credit to future years. A large-company, RDEC claim will normally be paid back as a cash rebate on the paid tax.

How we’ve helped our clients

Let’s find out how we can help your business

Our consultants will advise you on how to identify where the R&D you have worked on qualifies for tax relief. The first step is getting in touch.
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Get in touch

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To make a claim leave us a few details and we’ll be in touch

If you would like to give us some background details here before requesting a call back, please do, and of our team will contact you as soon as possible.

Woman at a desk with a laptop
  • Please select
1 - 499
500+