How Does the R&D Tax Credit Scheme Work?
The scheme currently allows profitable SME’s to claim upto 26% of your R&D expenditure as either a tax refund or a reduced tax liability. The percentage rises to 33.35% for SME’s that are yet to make a profit and comes in the form of a cash repayment. Similarly for larger organisations with over 500 staff the relief comes in the form of a Research and Development Expenditure Credit.
Many companies, and many accountants too, believe that R&D has to be highly technical in order to qualify for the tax relief. Experience has taught us that this is simply not the case!
Qualifying expenditure can include many things including – Director and staff costs, subcontractor costs, prototypes, testing, clinical trials and bespoke technology.
If you think you may have an opportunity to make a claim let our experts help you assess the opportunity and develop your claim.
Book A Call TODAY with one of our experts to discover how we can help you make a claim for R&D Tax Relief.
Why Not try Our
Understand what stage your business is currently at, and get a bespoke report that will help you take it to the next level!
As businesses grow, they invariably face some very specific challenges. Understanding how best to address them, in what order, whilst also identifying the opportunities associated with these challenges is a critical part of unlocking your business’ true potential.
What Our Clients Say About Us
Having helped 1000s of businesses and leadership teams, we think they’re best placed to tell you about the impact we’ve had…
We now have a clear sense of direction in terms of where we’re going, why we’re going there and what we need to do in order to achieve our goals
The real deal…. They bring very sharp intellect tempered with amazing practicality
They are a real asset to my business
We’ve managed to achieve so much more in a short period of time
We’re on target to achieve an 80% rise in turnover
One of the best things I’ve done for my business is to work with Chalkhill Blue
Working with Chalkhill Blue has empowered us as business owners to dare to think bigger and better, giving us the confidence to make big decisions
Their sensible and practical approach to what business owners see as the “big issues”, breaks down those barriers and really helps those businesses achieve their full potential
Sharp business acumen, remarkable strategic agility and a genuine bias for action & getting things done
They instinctively understand the business of business. They have an uncanny ability to get to the heart of a problem and grasp detail. I would not hesitate in recommending them.
Our business has been transformed from a family firm to a performance business, with turnover up by 100% and net profits quadrupling.
Chalkhill Blue are sharp, entrepreneurial and strategic. I would not hesitate in recommending them