Knowledge Centre

What does ‘contemplated’ R&D mean for contracted-out activities?

What is the claim notification period for pre-notification?

What is the HMRC R&D pre-notification?

Is my business eligible for R&D Tax Credits?

Self-preparing an R&D Claim: What Are the Risks? 

Though many businesses can and do prepare their own R&D tax credit claims, it can be a tricky and risky process that may not pay off.

When can SMEs claim using the RDEC Scheme?

There are some occasions where a SME needs to use the RDEC Scheme, including when they have received grant funding or subsidy, or have carried out sub-contracted R&D activity on behalf of a large company.

Can I include intangible assets in a R&D Tax Credit claim?

Intangible assets are often a poorly understood category and are frequently left for the accountants to work their magic on when preparing the year-end accounts. This can lead to them being overlooked when identifying the R&D costs for a claim.

How does R&D tax credits affect your company accounts?

How R&D Tax Credits affect your company accounts will depend on which scheme you're claiming via - SME Scheme or RDEC Scheme.

Does Grant Funding Affect my R&D Tax Credits Claim?

Even if a company has received grant funding, they can still obtain R&D tax credits for the same development work! It is highly likely that at least some of the development work funded by a grant will be eligible for an R&D Tax Credits claim.

Patent Box HMRC – What else do I need to know?

There are a number of additional qualifying intellectual property rights that can be attributed to Patent Box. These include IP such as regulatory data protection (also called ‘data exclusivity’), supplementary protection certificates and plant variety rights.