What are R&D tax credits?

R&D stands for Research and Development. R&D tax credits are a government incentive designed to reward companies for investing in innovation. In short, any project that seeks an advancement in technology or knowledge and combats material uncertainty could qualify for relief. The project doesn’t necessarily need to be successful for you to claim tax credits.

Valuable cash injection for businesses

Valuable cash injection for businesses

Especially with the uncertainty and challenging times in recent years, many businesses are looking to update or diversify their products and services. In doing this, you may qualify for a cash injection in the form of tax credits. These can be used to refuel growth, hire new staff or re-invest in the innovation of your products and services.

What sets A4G apart?

We pride ourselves in working with our clients to ensure that they understand what makes a qualifying project from the outset, to provide them with clarity and comfort that they are entitled to a reward in return for their investment in innovation. We work as a direct compliment to your internal team, doing as much or as little of the work on the claim as you might like, tailoring our fees accordingly.

Access to a dedicated R&D specialist

You have the peace of mind that we know what we’re doing

Pricing tailored to your business 

Never pay more than you need to for our services. Pricing is tailored to your innovation and project

Jargon-free process 

The process can be a little overwhelming, but we’ll explain to you what’s happening every step of the way to ensure you understand

End-to-end support from people who know your business

Because we already work with many clients on their accounts, tax planning, and growth strategy, our R&D process fits seamlessly into your existing relationship, saving you time and hassle.

How do R&D tax credits work?

Businesses that spend money on developing or improving new products, services or processes can claim either a cash payment or a Corporation Tax reduction, depending on if you are profit or loss making.

Is my business eligible for R&D?

R&D eligible projects exist within a variety of industry sectors, some of which you might not expect, so we always recommend a discussion to review your specific project and circumstances rather than making a sweeping assertion.

However, there are some essential criteria for claimants, you must:

  • Be a limited company in the UK that is subject to corporation tax
  • Have spent money on your R&D project
  • Be the decision maker & be set to own the rights

What costs could qualify for R&D?

  • Your team who spent time working on the R&D project – Their salaries, wages, class 1 NIC and pension fund contributions
  • 65% of subcontractor costs
  • Software costs
  • Materials that are consumed in your process, such as water, fuel and power
  • Cloud Hosting Costs
  • Software Costs

Find out more about R&D tax credits

We’ve produced a dedicated R&D guide that explains in detail what R&D is, who qualifies, how you receive the tax credit and how our process works. Click the button below to read it.

Learn more