R&D Tax Credits

Companies carrying out research and development may be eligible for Research and Development (R&D) Tax Credits.

Can my company benefit from R&D tax credits?

All companies undertaking R&D may qualify to claim a deduction when calculating their taxable profits of:

  • 175% of qualifying expenditure for SMEs or 
  • 130% in respect of qualifying expenditure for LEs, reducing the corporation tax bill accordingly.

A summary of the scheme and a case study are available HERE

The rules allow universities to act as subcontractors for R&D.

R&D Tax Credit Calculator

See HMRC and Department for Business Innovation & Skills guidelines. Please consult with a qualified tax advisor.



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