R&D Tax Credits


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R&D tax relief can improve cashflow and free up funds which can be reinvested to purchase assets or support your company’s growth strategy. 

What are R&D tax credits?

Research and Development (R&D) tax credits are tax reliefs which can be granted to businesses to support their work in innovative projects in science and technology. It can be claimed by a range of businesses that seek to research or develop an advance in their field.

How can Anglo Scottish help?

The process of claiming R&D tax credits is not always clear-cut and it is important to have a complete understanding of HMRC’s legislation before starting the process, which is where we come in.

Working with experts, we will assess your company’s activities and costs, to see which ones qualify as ‘R&D’ under HMRC’s research and development scheme and help identify if your business is missing out on any potential tax credits.

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Who are eligible for R&D tax credits?

Businesses in almost any sector can be eligible for R&D tax credits. To be able to benefit from tax credits, your business must be:

  • A limited company in the UK that is subject to Corporation Tax.
  • Have carried out qualifying research and development activities.
  • Have spent money on the chosen project/s.

In addition to the above, to be eligible for tax relief, projects must meet the government’s definition of R&D.

The work that qualifies for R&D relief must be part of a specific project to make an advance in science or technology, and must be relevant to your company’s trade – either an existing one or one that you intend to start up based on the results of the R&D.

Your project may research or develop a new process, product, or service or improve on an existing one.

Additionally, tax relief can also be claimed on unsuccessful projects.

Types of R&D relief

There are two types of R&D tax relief, the type you may be eligible for is based on the size of your business, and if work has been subcontracted.

The two types are:

  • Small and medium sized enterprises (SME) R&D Relief
  • Research and Development Expenditure Credit

Small and medium sized enterprises (SME) R&D relief is available to companies with less than 500 staff members and a turnover of under 100 million euros or a balance sheet total under 86 million euros.

Research and Development Expenditure Credit, which replaced the relief previously available under the large company scheme, allows large to claim for working on R&D projects.


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