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How much are R&D Tax Credits worth to my company?

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.

Category: Credit

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