What is R&D tax relief?

In the UK companies are able to claim tax relief for their R&D activity. This government scheme is designed to boost innovation by supporting businesses who seek to improve or overcome challenges or uncertainties in their products and processes. The scheme is administered by HMRC.

Large or small – there’s a R&D tax solution for your company

You are classed as a small or medium sized enterprise (SME): for the purposes of R&D tax incentives if you employ less than 500 employees and have either an annual turnover under €100 million or a balance sheet under €86 million.

Typically SMEs get back up to 33% of the amount they’ve spent on qualifying R&D. We know what HMRC are looking for, so we can ensure your claim is accurate.

You are classed as a large company for the purposes of R&D tax incentives if you employ more than 500 staff or you have a turnover of more than €100 million and more than €86 million in gross assets.

Large companies could get up to 10% off their R&D spending refunded through RDEC.

GovGrant is here to make sure that innovation is recognised and receives the full range of innovation tax incentives.

Find out more about R&D tax relief in your sector