R&D TAX CREDITS EXPLAINED

R&D tax credits are one of the most attractive tax reliefs available as they often result in significant cash repayments from HMRC. Despite this, many businesses are unaware or don't think they qualify - and could be missing out.

How R&D Tax Credits work

There’s tax credit available for UK businesses who develop or improve products, software or processes for themselves or their clients.

If you have a limited company based in the UK and provide customers with bespoke solutions or develop products, software or technology, you could benefit from the scheme.

Alexander Vaughan turn your ideas, solutions and projects into tax credit or cash by identifying qualifying costs and activities within your business. This credit is an incredibly valuable source of funding, allowing you to reinvest in your business and continue doing what you do best.

What we do

Our tax experts help hundreds of SMEs across almost every sector to receive millions of pounds to take their business further.

We handle every aspect of your claim by identifying qualifying R&D activities and costs in your business, preparing a report and tax credit calculation, and dealing with HMRC. Learn more about our process or read on to see what a claim could be worth.

Whether you are making a loss or a profit, you can still make a claim and we guarantee to work for any client, regardless of fee.

What is Research & Development?

HMRC states that for tax purposes, R&D takes place when a project seeks to achieve an advance in overall knowledge or capability in a field of science or technology.

There are a wide range of qualifying activities, so if your company is attempting to solve scientific or technological uncertainty, then it is likely you are carrying out R&D.

What costs can be claimed?

Our team analyse your company's expenditure, looking for all the qualifying costs:

EMPLOYEES

The cost of employment - staff salaries and employer's NIC and pensions

MATERIALS

Materials and consumables - including utility bills - that are used in the R&D

SUBCONTRACTORS

You can claim costs for subcontractors and other service providers.

EQUIPMENT

In some cases, software and IT costs may be eligible for inclusion

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Pounds in Aerospace Manufacturing
Design, manufacture and testing a range of bespoke products, parts and tools
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Pounds in LED Lighting
Eco-friendly, low voltage signage
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Pounds in Heat and Ventilation (HVAC)
Improving dust extraction systems
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Pounds in Improving playground safety
New materials, designs and equipment

Employees

The cost of employment - staff salaries and employer's NIC and pension contributions

Materials

Materials and consumables - including utility bills - that are used in the R&D

Subcontractors

The cost of subcontractors and certain other service providers can be claimed

Equipment

Software and IT costs in some cases

How do I claim?

We provide an end-to-end service for all your R&D Tax Credit needs, ensuring you claim the correct amount for the qualifying work you do.

We work with hundreds of companies across over 80 industries, helping them to access millions of pounds in tax credit.

The best way to begin is to get in touch with one of our team. We'll explain everything, how we work and assess your eligibility. Even if you aren't sure if the scheme will apply to you, get a specialist opinion. There are many stories of clients being advised incorrectly that they were not carrying out any qualifying R&D, only for us to then claim them thousands of pounds.

Make sure you don't miss out.