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Frequently Asked Questions

Everything you need to know about R&D tax credits

What exactly are R&D tax credits?

R&D tax credits are a UK government incentive that allows companies to claim back up to 33% of their spending on qualifying research and development activities. It's designed to encourage innovation across all sectors.

Do I need to be a tech company to qualify?

No! R&D tax credits apply to all sectors. Whether you're in manufacturing, food & beverage, construction, or any other industry, if you're solving technical problems or improving products/processes, you likely qualify.

What if my project failed?

Failed projects often make the best claims! The R&D scheme recognizes that innovation involves risk. If you attempted to solve a technical problem but didn't succeed, those costs are still eligible.

How much can I claim?

SMEs can claim up to 33% of their R&D costs as a cash credit or tax relief. Our average claim is £54,000, but claims can range from £5,000 to over £500,000 depending on your R&D spend.

How far back can I claim?

You can claim for your current accounting year and the previous two years. Don't let valuable credits expire!

What costs qualify?

Eligible costs include staff salaries, employer NICs, pension contributions, subcontractor costs (65%), materials, software, and cloud computing costs directly related to R&D activities.

How long does the process take?

From initial consultation to money in your account typically takes 6-12 weeks. We handle all the complexity while you focus on your business.

What if HMRC investigates?

We have a 100% compliance rate. Every claim we submit is fully documented and HMRC compliant. If HMRC has questions, we handle all correspondence at no extra cost.

How do you charge?

We work on a no win, no fee basis. Our fee is 15% of the successful claim amount - you only pay from money you receive.

Do I need lots of documentation?

No - we make it simple. We typically need access to your accounts, a brief discussion about your projects, and some basic project information. Total time commitment is usually less than 2 hours.

Will claiming affect my other tax affairs?

R&D claims are a legitimate tax relief and won't trigger additional scrutiny of your other tax affairs. It's your legal right to claim for qualifying activities.

Can I claim if I've received grants?

Yes, but the rules are different. Grant-funded projects usually fall under the RDEC scheme (13% credit) rather than the SME scheme. We'll advise on the best approach.

What makes you different from other R&D tax advisors?

Our 100% success rate, 5-week average turnaround, and deep technical expertise set us apart. We're not just tax advisors - we understand the technical aspects of R&D.

Can sole traders claim?

Unfortunately, sole traders and partnerships can't claim R&D tax credits. Only limited companies and LLPs are eligible. However, it might be worth considering incorporation if you do significant R&D.

What if my accountant says I don't do R&D?

Most general accountants aren't R&D specialists. We often find eligible activities that general accountants miss. Our free assessment will give you a definitive answer.

Still have questions?

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