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R&D TAX
CREDITS

Credits designed by the government to encourage investment in Research and Development.

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What are R&D Tax Credits?

R&D Tax Credits, introduced by the UK government in 2000, are designed to promote innovation by providing tax relief to companies engaged in scientific or technological advancements.

R&D for tax purposes involves projects aiming to achieve progress in these fields by resolving uncertainties. Qualifying activities include various forms of innovation and development.​

 

By claiming back a portion of their R&D expenditure, businesses can reduce their tax bill or increase taxable losses, thus gaining valuable funding to reinvest in resources and further advance their R&D efforts. This incentive acts as a mechanism to help companies foster innovation and drive growth.

Check Your Eligibility

The information you provide will be used by Approved for the purpose of determining your eligibility and may be used to contact you about your quote. See our full data privacy notice for details on how we process client personal information.

Qualifying for R&D Activity

By meeting the criteria for R&D Tax Credits, your company can gain access to substantial financial rewards, enabling you to accelerate research and development efforts, invest in new technologies, hire additional staff, and drive overall growth.

You may qualify for R&D activity if:

You are a company who is engaged in the design and development of new products.

You are actively developing new services.

You are a business currently creating new processes or adapting existing processes.  

You are focusing on product innovation.

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R&D Criteria

The government's R&D criteria are intentionally broad. Regardless of your company's size or sector, if you are taking a risk to address scientific or technological uncertainties, you may be engaging in qualifying activities. These activities could include:

Creating brand new products, processes or services.

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Changing or modifying an existing product, process or service.

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If you're unsure whether your project is feasible or uncertain about how to implement it, you may be addressing technological uncertainties and engaging in qualifying R&D activities. According to the government's definition, research and development efforts do not need to be successful to qualify.

 

If you would like further detail on R&D Tax Credits or require any other specific information, then please speak to a member of our Approved tax team today.

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Our R&D Tax Claim Process

Discover our streamlined process for securing R&D tax credits. We ensure complete transparency in our services, with no hidden fees or unexpected complications. Navigating R&D tax credits has never been easier. Our no-obligation consultation won't affect your credit score.

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01

Discovery and Assessment

Your ATL contact will help gather the needed information, supported by our expert advisers, consultants, and specialists.

02

Information Collation and Analysis

Our specialist team will help identify qualifying R&D and work with you to gather all necessary information for a successful claim.

03

Building your R&D Tax Credit Claim

We will build your claim, add the required evidence for HMRC, and detail your qualifying activities and costs, ensuring compliance for a strong claim.

04

Review and Submission to Process

You'll get reports for approval with breakdowns of our findings. We'll finalise and file your tax credit claim with your Corporate Tax Return (CT600). After submitting your claim, we'll liaise with HMRC, providing ongoing support.

05

Receipt of Benefit Funds and Reinvestment

Your innovation investment benefit can lower your Corporation Tax Bill or be paid into your account. The Approved group can aid further investment for growth.

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