- R&D Tax Credits: What Are They?
- What qualifies as R&D?
- What expenses may my company claim?
- How far in the past can my company claim costs?
- What costs am I not eligible to claim?
- Which companies are eligible?
- Which initiatives qualify as R&D?
- Do distinct kinds of R&D exist?
- How much should I anticipate receiving?
- How will I get my claim paid?
- How much time does the entire process take?
How Much Should I Anticipate Receiving?
Your R&D tax credits are determined based on the amount you spend on R&D. A maximum of 33p of every £1 spent on R&D activities can be claimed by SMEs. For every £1 spent on R&D activities, large businesses are allowed to claim up to 11p.
Claims Filed
In 2017–18, SMEs filed claims for an average of £53,714. The average RDEC claim submitted by big businesses in 2017–18 was £600,977.