Rewarding innovation, fuelling growth
Research &
Development
Tax Relief.
No matter the industry you are in, if you’re innovating you could be eligible for government backed Research & Development (R&D) tax relief.
R&D Tax Credits are a Government incentive in place for companies operating in the UK to encourage investment in innovation and promote advancements in science or technology.
The power to transform your business
Rewarding Innovation
Are you developing a new product, process, service, or maybe improving an existing one? The R&D Tax Credit scheme is an important government incentive which rewards companies of all sizes that work on innovative projects.
With unrivalled tax and technical expertise, Abel & Mercer is ideally positioned to unlock potential value within your business. The benefit received can be reinvested in accelerating current or upcoming projects, used to hire new staff or support your overall growth.
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Projects
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What are R&D Tax Credits?
Research and development tax credits are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to reinvest back in their company to accelerate R&D, hire new staff and ultimately grow.
Companies that spend money developing new products, processes or services; or enhancing existing ones, are eligible for R&D tax relief.
If you are spending money on an innovative solution, you can make an R&D tax credit claim and receive either a cash payment and/or Corporation Tax reduction.
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Do you Qualify ?
- This scheme can be used by any organisation which is liable for corporation tax in the UK and meets the necessary criteria.
- Businesses carrying out research and development work are present in almost every sector, from software development and food production to construction and agriculture.
- Qualifying activity can occur in businesses of any size
- Your project(s) will need to have: identified an advance in science and technology, had to overcome uncertainty and tried to overcome this uncertainty, and couldn’t be easily worked out by a competent professional in the field.
Client industries
Business Sectors
* Billed yearly (auto-renewal)
Types of R&D Tax Credit
If you are classed as an SME for R&D tax credit purposes, your next step will be to make a claim via the SME R&D tax incentive. And if you are a large company, via the Research and Development Expenditure Credit (RDEC).
Small Medium Enterprise
SME
Get the current deal without any risk and additional fees.
- Fewer than 500 staff
- Up to €100 million turnover
- Up to €86 million in gross assets
Corporate
RDEC
Get the current deal without any risk and additional fees.
- More than 500 staff
- Turnover over €100 million
- Over €86 million gross assets
Frequently Asked
Questions.
What can I claim for?
Typical claim expenditure include staff costs, materials, utilities, reimbursed travel costs and sub-contractor costs. As a specialist R&D firm, we will conduct a detailed audit of your business to ensure that every opportunity for R&D tax relief is identified.
How far back can I make a claim for?
A business can submit an R&D tax relief claim at any time up to the first anniversary of the filing due date of the company tax return for the accounting period in which the claim is made. This means that a business can make a claim for R&D tax relief going back 2 accounting years.
What staff roles can be included in an R&D claim?
An R&D team can consist of many individuals from different parts of the business.
Your R&D project team may include the R&D Manager, a Lead Developer, Engineers, Project Co-ordinators, CAD Engineers, Quality Control and Testing specialists, and Cost Accountants, as well as members of the senior management team.
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Partnerships
Partner with
Abel & Mercer
By building strategic partnerships, we help organisations provide innovation funding advice and access to tax reductions to their members. Becoming a Abel & Mercer partner provides your clients or network access to preferential rates and you may be able to benefit from our generous referral programme.
Please click the link below to find out more about partnering with us.