Innovation and Incentives Reliefs

Our innovation tax team works closely with you to create a tailored approach to building your R&D and Patent Box Claims.

R&D Tax Reliefs carried out with compliance in mind

Fully maximised claims prepared with robustness and attention to compliance by specialists with minimum disruption to you and your business.

 

What is R&D Tax Relief? 

The definition of R&D for tax purposes is more encompassing than many companies perceive, and we've facilitated successful claims for clients across diverse industries such as manufacturing, technology, logistics, construction and more.

Profitable small and medium-sized enterprises (SMEs) can secure an amplified deduction of 130%, translating into a tax relief of up to 44% of the eligible expenditure. This essentially diminishes the net cost to £56 for every £100 spent.

The scheme is notably advantageous for early-stage and loss-incurring companies, as they can receive a payable tax credit from HMRC equating to approximately 33% of the qualifying expenditure.

For large companies a tax credit, equal to 13% of the eligible expenditure, is available. This can be recognised as a taxable item above operating profit in a company’s financial statements, with the net amount of 10.5% payable to the company.

 

Who can apply for R&D tax relief?

Do you employ or subcontract technical expertise to solve technical problems, perhaps developing new or improved processes, products, or software? Signature Tax can help you claim R&D Tax Relief from HMRC.

Your business size, sector, or profitability doesn't affect your eligibility to claim. Whether you're a profit-making or loss-making entity, you could potentially lower your corporation tax liability or even obtain a cash credit. Although R&D tax relief is one of the most substantial government-sponsored tax relief initiatives today, many companies are unaware of their qualification.

To be eligible for R&D tax relief, your initiatives must adhere to HMRC's R&D criteria - however, this scope is broader than it initially appears.

 

  • Your company must be liable to Corporation Tax:
  • Only companies that are subject to Corporation Tax are eligible to claim R&D tax relief.
  •  
  • Carrying out qualifying R&D activities:
  • Your company must be involved in projects that seek to achieve an advance in science or technology. This doesn't necessarily mean ground-breaking innovations or inventions, but can include appreciable improvements to existing processes, products, or services.
  •  
  • Uncertainty:
  • The project must aim to resolve scientific or technological uncertainties. This means that the answer isn't readily deducible by a competent professional in the field.
  •  
  • Relevance to company's trade:
  • The project must relate to the company’s trade - either an existing one, or one that it expects to take up based on the results of the R&D.
  •  
  • Expenditure:
  • The company should have spent money on these projects. Qualifying expenditure can include staff costs, subcontractor or freelancer costs, software, consumable items (materials and utilities).
  •  
  • SME or Large Company:
  • The type of R&D tax relief a company can claim depends on its size. Small and medium-sized enterprises (SMEs) can claim SME R&D tax relief or R&D Expenditure Credit (RDEC), while large companies can only claim RDEC.
  •  

Why Signature Tax?

R&D Tax Reliefs done properly: Robust claims, prepared and maximised by specialists with minimum disruption to you.

Signature Tax team of specialists offers a robust R&D tax relief claims service; our team of dedicated R&D specialists will prepare and maximise the value of your claim and identify wider tax-saving opportunities, while ensuring full compliance and minimising the effort required from you.

HMRC is cracking down heavily on error strewn R&D Tax Relief claims, so it has never been more important to work with a specialist you trust, with detailed quality assurance processes to ensure claims are fully optimised and compliant.

Our key services

 

  • R&D Tax Relief

 

  • Patent Box

 

  • Land Remediation

 

  • Creative Industry Tax Reliefs

 

  • Enquiry support

Sarina Issap

Chief of Staff

AMS has allowed me to work strategically and collaboratively with senior leaders with different areas of expertise in order to solve challenging problems in a fast-paced environment. I am currently studying for my MBA at Harvard and transferring what I’ve learnt during my studies into practice has provided me with many opportunities to further my career

What is R&D Tax Relief?

The definition of R&D for tax purposes is more encompassing than many companies perceive, and we've facilitated successful claims for clients across diverse industries such as manufacturing, technology, logistics, construction and more.

Profitable small and medium-sized enterprises (SMEs) can secure an amplified deduction of 130%, translating into a tax relief of up to 44% of the eligible expenditure. This essentially diminishes the net cost to £56 for every £100 spent.

The scheme is notably advantageous for early-stage and loss-incurring companies, as they can receive a payable tax credit from HMRC equating to approximately 33% of the qualifying expenditure.

For large companies a tax credit, equal to 13% of the eligible expenditure, is available. This can be recognised as a taxable item above operating profit in a company’s financial statements, with the net amount of 10.5% payable to the company.

Who can apply for R&D tax relief?

Do you employ or subcontract technical expertise to solve technical problems, perhaps developing new or improved processes, products, or software? Signature Tax can help you claim R&D Tax Relief from HMRC.

Your business size, sector, or profitability doesn't affect your eligibility to claim. Whether you're a profit-making or loss-making entity, you could potentially lower your corporation tax liability or even obtain a cash credit. Although R&D tax relief is one of the most substantial government-sponsored tax relief initiatives today, many companies are unaware of their qualification.

To be eligible for R&D tax relief, your initiatives must adhere to HMRC's R&D criteria - however, this scope is broader than it initially appears.

  • Your company must be liable to Corporation Tax:
  • Only companies that are subject to Corporation Tax are eligible to claim R&D tax relief.
  •  
  • Carrying out qualifying R&D activities:
  • Your company must be involved in projects that seek to achieve an advance in science or technology. This doesn't necessarily mean ground-breaking innovations or inventions, but can include appreciable improvements to existing processes, products, or services.
  •  
  • Uncertainty:
  • The project must aim to resolve scientific or technological uncertainties. This means that the answer isn't readily deducible by a competent professional in the field.
  •  
  • Relevance to company's trade:
  • The project must relate to the company’s trade - either an existing one, or one that it expects to take up based on the results of the R&D.
  •  
  • Expenditure:
  • The company should have spent money on these projects. Qualifying expenditure can include staff costs, subcontractor or freelancer costs, software, consumable items (materials and utilities).
  •  
  • SME or Large Company:
  • The type of R&D tax relief a company can claim depends on its size. Small and medium-sized enterprises (SMEs) can claim SME R&D tax relief or R&D Expenditure Credit (RDEC), while large companies can only claim RDEC.

Why Signature Tax?

R&D Tax Reliefs done properly: Robust claims, prepared and maximised by specialists with minimum disruption to you.

Signature Tax team of specialists offers a robust R&D tax relief claims service; our team of dedicated R&D specialists will prepare and maximise the value of your claim and identify wider tax-saving opportunities, while ensuring full compliance and minimising the effort required from you.

HMRC is cracking down heavily on error strewn R&D Tax Relief claims, so it has never been more important to work with a specialist you trust, with detailed quality assurance processes to ensure claims are fully optimised and compliant.

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