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R and D Tax ReliefRandD Tax are our preferred claim processors

What is R and D Tax Relief?

Research and Development (R&D) for the purposes of R&D Tax Credits and Tax Relief is when a company incurs expenditure to seek an advancement in science or technology.

Many countries give tax relief to companies that invest in Research and Development (R&D). The UK's government is no exception.

The UK's scheme was launched in 2000 and is designed to actively encourage companies to spend more on Research and Development, in the knowledge that for every £1 of R&D tax refunded between £1.53 and £2.35 of additional R&D is undertaken.

This additional expenditure drives productivity and stimulates innovation in the UK economy by encouraging the broadest possible range of sectors to invest in their future.

The program provides UK businesses with either a cash credit or corporation tax deduction to compensate for up to 33% of the cost of their research and development.

Last year, more than 39,000 UK companies successfully claimed nearly £3.5bn in tax relief. However, many organisations are still not aware they qualify for R&D tax credits and are missing out on funding that could be used to grow their company and fuel their innovation.

The scheme is available to businesses in all sectors, as long as your activity counts as R&D. So if you’re developing new products, services, or processes; or modifying old ones, then you may be able to make a claim.