How much are R&D Tax Credits worth to my company?
This is a question we often get asked and therefore thought it would be very helpful to share this information in a blog post…
There are a number of factors that influences the value of a company’s R&D Tax Relief claim.
The following tables below show the R&D tax calculations for a SME.
*The Payable R&D Tax Credit is calculated by multiplying the lower of (1) Taxable Loss (after the R&D Tax Relief Claim), or (2) R&D Enhancement, by the Tax Credit Surrender Rate.
If you are interested in R&D
Tax Relief for Large/RDEC claims simply click on the following link.
R&D Tax Relief is the UK’s most generous source of funding available to companies undertaking R&D and aims to promote innovation across the economy.
Your company could claim R&D tax credits if it has been:
• changing its manufacturing processes
• working on development projects that are still work-in-progress
• changing to become more environmentally friendly.
Please feel free to read our previous article: What kind of companies can apply for R&D Tax Relief? . This provides very useful lists of qualifying activities covering manufacturing, engineering and software businesses.