Blog

R&D Answers: What is R&D for Tax Credit Purposes?

Date: 23rd July 2018

The scheme R&D Tax Relief is available to UK Ltd companies, using science or technology as part of an innovative process/product.  There are two variants of the scheme – large company (RDEC) and small company, with the boundary being approx. 500 employees in the company or group of companies. Small companies that have received subsidies or...
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Fantastic Milestone - over one thousand clients

Date: 10th July 2018

We have now worked with over 1,000 companies from all over the UK.   Helping clients, both large and small with their claims.   With the average value per company being around £88,000 and some gaining more than £1,000,000.  We help all types of businesses such as traditional engineering, IT companies, manufacturers, construction, software tool developers, bailiffs, food processors, legal firms, artisan ice cream makers, aerospace, glass manufac...
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R&D tax credits - “We can get you more than they can!”

Date: 10th July 2018

R&D tax credits - “We can get you more than they can!” It’s not uncommon to hear of Research & Development (R&D) tax credit advisors proclaiming “We can get you more than they can” meaning that your R&D tax credit claims will be larger if you hire the proclaimer, than if you hire whomever else they are competing with. I am driven to take issue with this, and I will tell you why.  We live in a highly competitive world, so every...
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Up to date statistics on R & D Tax Credit claim values in UK – 2015 - 2016 tax year

Date: 24th May 2018

Total number of claims in year  26,255  - up 19% on previous year. Total number of SME claims in year – 21,865.  Up from 17,875 in previous year.  A 22% increase. Total cost of all R&D claims in year - £2.9 billion.  £1.3 Billion going to SMEs £16.5 Billion paid out since the start of R&D Tax Credits in 2000 -2001 from a total of 170,000 claims.   Terry Toms, Managing Director
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Food Processing Magazine highlights three R&D claim examples by our clients

Date: 18th May 2018

Many food processing companies are undertaking Research and Development (R&D) and we have assisted a number of companies in this sector with their R&D tax credit claims. We were therefore delighted to provide three claim examples for a Food Processing Magazine Spotlight on Funding R&D Activities: ‘Are You Missing Out on Cash for Innovation’ published in April 2018. Download this pdf to rea...
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The Business Show 16th & 17th May 2018 - London

Date: 18th April 2018

Around 25,000 businesses will attend Europe’s largest business exhibition at London’s ExCeL on 16 & 17 May, 2018. Boasting an incredible lineup of 350 exhibiting suppliers, 250 inspirational seminars from world-class speakers and interactive masterclasses - The 39th Business Show will be the biggest and best yet. Whether you're a business owner wanting financial advice, seeking guidance, looking for a platform to network or in need of legal expertise; this event...
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RandDTax Score at Wembley !!!

Date: 4th December 2017

RandDTax is delighted to announce that we won the Business Innovation Award at the National SME Awards 2017, held at the iconic Wembley Stadium. Our success is down to the support of our fantastic clients, who normally get the awards, and the "go the extra mile" ethos of our consultants. Founded in 2012 RandDTax has grown to provide National coverage with 30 consult...
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Autumn Budget 2017

Date: 23rd November 2017

The only substantive change to the R&D Tax Credit regime in the budget were around RDEC for large company claims: Rate increase from 11% to 12% with effect from 1 January 2018. Introduction of Advanced Clearance Service (The SME scheme already has Advanced Assurance) Full details can be found in section 5.5 of the
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The SME National Business Awards 2017

Date: 12th October 2017

We are finalists in this years' SME National Business Awards, in both the Business Innovation and Most Enterprising Business Sectors.  The final will be held at the iconic Wembley Stadium in London on 1st December.   The SME National Business Awards
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How do Grants and Research & Development Tax Credits Work Together?

Date: 27th June 2017

It’s a popular myth that you cannot claim UK Government’s Research & Development (R&D) tax credits if you have received grant funding. This is not strictly true, the grant funding will change how much you can claim under the R&D schemes, but the receipt of grant funding does not rule you out from claiming R&D tax relief or credits. Many innovative and pioneering companies, especially those that are under five years old, have to secure a mix of finding from d...
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