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RocDaymer & Co Ltd

R&D Tax Credits Solutions For Your Business

Supporting Growth & Innovation

What are R&D tax credits?

Research and development (R&D) tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to invest in accelerating their R&D, hiring new staff and ultimately growing.

  • Gov pledge £22 billion a year in public investment by February 2025

  • 17% more claims submitted in 2017-18 compared to 2016-17

  • 15,750 companies claimed for the first time in 2017-18

  • In 2018-19, R&D tax claims were made against £35.3 billion in expenditure

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Industries We Work With

The government’s R&D tax credit initiative was introduced to incentivise, and reward businesses engaged in innovating new solutions. Companies investing in the development of new products, processes or services – or even those looking at changing existing products – can take advantage of either a corporation tax reduction or a cash return.

*One of the biggest benefits of the scheme is the fact that an array of industries are able to claim for the tax relief, even those that are loss-making. And, while it may be thought that only those involved in scientific and technology companies will meet the criteria, the reality is that businesses of all types have the opportunity to take advantage of the scheme.

 
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R&D tax credits criteria

Assuming that certain key criteria are met – specifically that the research and development activity is attempting to ‘resolve scientific or technological uncertainties’ – qualifying activity can be claimed for. Regardless of company size or sector, the opportunity to claim will be available, with schemes existing for SMEs and larger organisations.

To claim as an SME, businesses should:

  • Employ less than 500 employees

  • Have annual turnover no greater than €100 million or a balance sheet total of under £86 million

  • Be a limited company in the UK

  • Have been trading for more than one year

Larger organisations, meanwhile, will be able to claim under the Research and Development Expenditure Credit (RDEC) scheme. By meeting the necessary criteria, it is possible for companies to claim R&D tax relief of up to 230% of qualifying costs. Such expenses include applicable staff salaries, some sub-contracting costs, materials and consumables.*

 
 

How much it costs to claim R&D tax credits

  • Free initial consultation to see if you qualify for this tax credit

  • Maximising your R&D claim

  • Simple transparent process with a dedicated consultant

  • Our fee is only due upon your successful claim

  • We don’t charge unless you receive a benefit, so it’s risk-free for you. Our fee covers a completely end-to-end service.

  •  We don’t tie you into fixed-term agreements and there are no hidden extras.

  • We charge our fee as a percentage of the benefit you receive, or a fixed fee of the awarded claim.  And you only pay after you have received your payable credit and/or Corporation Tax reduction.

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Get the tax credit you deserve and fuel your businesses growth and innovation today.

R&D tax incentives have the power to transform your business. To find out more about how RocDaymer & Co can help your business contact us today to further discuss unlocking your potential claim.

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The Old Vicarage

Church Close

Boston

Lincolnshire

England

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