Research and Development Tax Relief: What is it and are you eligible?

Updated: Mar 7






Our trusted partners helped countless businesses grow through identifying key areas within their company makeup that qualify for research and development grants and tax relief. The scheme itself is a brilliant incentive for companies to grow and evolve in new and exciting ways. However, the framework is complex and ambiguous which means evidence often isn’t presented in a way that’s compliant with HMRC regulations. Then cases are usually rejected. We are here to simplify the process and ensure you as a company receive the full financial package you’re entitled to.


When R&D was first rolled out by HMRC in the year 2000, its mission was to incentivise UK companies to invest in innovative projects that would bring industry forward. It lets companies recover up to 33.35% of overall R&D spending in the form of a reduction in corporation tax or a financial rebate.


The relief isn’t exclusively for the lab coats and clipboards of our economy either. Any industry could qualify for the R&D scheme as long as they fit within the scope laid out by the government. The remit here is intentionally broad to encourage spending in R&D and can be separated into two categories:


  • Creating new products, processes or services.

  • Changing or modifying an existing product or service.



So as long as you are a limited UK company that has spent money in one of these two areas, and your service or product is ‘innovative’ and can be used by third parties to resolve common struggles, then you may be eligible for R&D.


Through an appeal, you may be able to claim back costs on a variety of expenditures, Including:


  • Staff Costs.

  • Subcontractor Costs.

  • Externally Provided Workers.

  • Consumable Materials.

  • Software.


As you can imagine, R&D can add immense value to your business, if you’d like to find out more about this service, please contact our affiliates manager Jess Clarke on jess.c@commercialpropertyadvisors.co.uk, or run through a brief conversation with our chat system below.





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