01443480622 huw@huwjohn.co.uk

R&D tax relief

In the current climate, cash is king and maximising cash flow is paramount for businesses.  For companies undertaking research and development (“R&D”), the UK Government has provided R&D tax reliefs for this expenditure.  For small or medium-sized enterprise (“SME”) businesses the R&D tax relief allows companies to:

  • deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction;
  • claim a tax credit if the company is loss making, worth up to 14.5% of the surrenderable loss.

To claim this relief, project within the company need to meet certain definitions for R&D. 

How we can help?

At Huw John & Co. we can help identify whether your projects meet the definition of R&D and maximise your claim by identifying expenditure which should be included.  We can also submit your corporate tax return with the claim.

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