Research & Development Tax Credits | RocDaymer & Co Ltd

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
Gov commits to ensure total R&D spending reaches 2.4%of GDP by 2027
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

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.

Aviation

Aviation is known for the high complexity of its components, often subject to lengthy Research & Development programs which often qualify for R&D tax relief. This industry brings together almost all innovation to work towards an end goal: Engineering, Mechanics, Software, Navigation, Communications and Atmospheric Science.
The government recognises Aviation as a key industry in the UK and that technological developments cannot fall behind.

Construction

Construction business is investing in the resolution of problems on site, or is looking to achieve something more quickly, safely, efficiently, or cheaply than ever before, then it’s likely to be eligible. Indeed, the funding itself is highly value, with claim amounts from construction SMEs being worth around £50,000 on average.

Engineering

Engineering by its very nature is the development of existing components, communication methods and the integration of new and old technology. To qualify for R&D tax relief as a minimum a company must be seeking to make technical advances through the resolution of technical uncertainties. This is almost the job description of most engineering departments. So why are so many companies nowadays failing to claim engineering R&D tax credit?

Agriculture

The Agricultural sector contains an abundance of activity qualifying for R&D tax relief because of the ‘can do’ attitude of its business leaders, the hands-on business owner. While financial margins are becoming smaller, Farmers strive to enhance the efficiency of their production process. It is these activities which often qualify for R&D Tax Farming.

Clinical

The medical sector is continually researching and developing. Whether the driver is change in legislation, seeking advanced understanding of science or commercial efficiencies, the projects can all qualify for Medical R&D Tax Credits.

Software & Technology

Software and IT industry are fast evolving and continuously adapting. These adaptations are considered routine everyday activity by many software developers. However in many cases these adaptations fall into the categories qualifying for software development R&D tax credits. After initial discussions with clients we had success in identifying projects that qualify for relief.

Architecture

The research and development of architectural technology and techniques can qualify for government tax relief. Architecture spans the mathematical and aesthetic design of a building, as well as its physical construction. As new materials and techniques become available, the desire to build the most visually appealing yet functional building, whilst conforming to government legislation, means the role of the architect is shifting further and further into engineering.

Food & Beverages Breweries

The development of food and drink has been around since time began. As new diets are researched in greater detail, allergies and their causes are understood further, the evolving commercial nature of on the go food or uniquely tasting drinks companies are undertaking more and more R&D. R&D which could qualify for R&D tax credits.

Manufacturing

R&D Tax Credits have been the highlight in several recent discussions in the manufacturing sector. The possibility to significantly boost profit margins seems attractive to many business owners.
It has become apparent that many companies fail to claim R&D relief for activities, usually because they are considered routine by the business rather than innovative.

Aviation

Aviation is known for the high complexity of its components, often subject to lengthy Research & Development programs which often qualify for R&D tax relief. This industry brings together almost all innovation to work towards an end goal: Engineering, Mechanics, Software, Navigation, Communications and Atmospheric Science.
The government recognises Aviation as a key industry in the UK and that technological developments cannot fall behind.

Construction

Construction business is investing in the resolution of problems on site, or is looking to achieve something more quickly, safely, efficiently, or cheaply than ever before, then it’s likely to be eligible. Indeed, the funding itself is highly value, with claim amounts from construction SMEs being worth around £50,000 on average.

Engineering

Engineering by its very nature is the development of existing components, communication methods and the integration of new and old technology. To qualify for R&D tax relief as a minimum a company must be seeking to make technical advances through the resolution of technical uncertainties. This is almost the job description of most engineering departments. So why are so many companies nowadays failing to claim engineering R&D tax credit?

Agriculture

The Agricultural sector contains an abundance of activity qualifying for R&D tax relief because of the ‘can do’ attitude of its business leaders, the hands-on business owner. While financial margins are becoming smaller, Farmers strive to enhance the efficiency of their production process. It is these activities which often qualify for R&D Tax Farming.

Clinical

The medical sector is continually researching and developing. Whether the driver is change in legislation, seeking advanced understanding of science or commercial efficiencies, the projects can all qualify for Medical R&D Tax Credits.

Software & Technology

Software and IT industry are fast evolving and continuously adapting. These adaptations are considered routine everyday activity by many software developers. However in many cases these adaptations fall into the categories qualifying for software development R&D tax credits. After initial discussions with clients we had success in identifying projects that qualify for relief.

Architecture

The research and development of architectural technology and techniques can qualify for government tax relief. Architecture spans the mathematical and aesthetic design of a building, as well as its physical construction. As new materials and techniques become available, the desire to build the most visually appealing yet functional building, whilst conforming to government legislation, means the role of the architect is shifting further and further into engineering.

Aviation

Aviation is known for the high complexity of its components, often subject to lengthy Research & Development programs which often qualify for R&D tax relief. This industry brings together almost all innovation to work towards an end goal: Engineering, Mechanics, Software, Navigation, Communications and Atmospheric Science.
The government recognises Aviation as a key industry in the UK and that technological developments cannot fall behind.

Engineering

Engineering by its very nature is the development of existing components, communication methods and the integration of new and old technology. To qualify for R&D tax relief as a minimum a company must be seeking to make technical advances through the resolution of technical uncertainties. This is almost the job description of most engineering departments. So why are so many companies nowadays failing to claim engineering R&D tax credit?

Software & Technology

Software and IT industry are fast evolving and continuously adapting. These adaptations are considered routine everyday activity by many software developers. However in many cases these adaptations fall into the categories qualifying for software development R&D tax credits. After initial discussions with clients we had success in identifying projects that qualify for relief.

Architecture

The research and development of architectural technology and techniques can qualify for government tax relief. Architecture spans the mathematical and aesthetic design of a building, as well as its physical construction. As new materials and techniques become available, the desire to build the most visually appealing yet functional building, whilst conforming to government legislation, means the role of the architect is shifting further and further into engineering.

Aviation

Aviation is known for the high complexity of its components, often subject to lengthy Research & Development programs which often qualify for R&D tax relief. This industry brings together almost all innovation to work towards an end goal: Engineering, Mechanics, Software, Navigation, Communications and Atmospheric Science.
The government recognises Aviation as a key industry in the UK and that technological developments cannot fall behind.

Engineering

Engineering by its very nature is the development of existing components, communication methods and the integration of new and old technology. To qualify for R&D tax relief as a minimum a company must be seeking to make technical advances through the resolution of technical uncertainties. This is almost the job description of most engineering departments. So why are so many companies nowadays failing to claim engineering R&D tax credit?

Software & Technology

Software and IT industry are fast evolving and continuously adapting. These adaptations are considered routine everyday activity by many software developers. However in many cases these adaptations fall into the categories qualifying for software development R&D tax credits. After initial discussions with clients we had success in identifying projects that qualify for relief.

Architecture

The research and development of architectural technology and techniques can qualify for government tax relief. Architecture spans the mathematical and aesthetic design of a building, as well as its physical construction. As new materials and techniques become available, the desire to build the most visually appealing yet functional building, whilst conforming to government legislation, means the role of the architect is shifting further and further into engineering.

*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.

Industries We Work With

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 186% of qualifying costs. Such expenses include applicable staff salaries, some sub-contracting costs, materials and consumables.*

R&D tax credits criteria

Our Process

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 in the preparation of the R&D supporting report based upon your projects that are presented for the tax relief claim.
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.

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.

Get In Touch

We'd love to hear from you

hello@rocdaymer.co.uk

01260 408 893

The Old Vicarage

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Boston

Lincolnshire

England

PE21 6NA

Contact

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

Gov commits to ensure total R&D spending reaches 2.4%of GDP by 2027

Industries We Work With

R&D tax credits criteria

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To claim as an SME, businesses should:

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How much it costs to claim R&D tax credits

Get In Touch

We'd love to hear from you