UK Tax Credits
R&D Tax Relief
If your UK limited company is conducting or considering the activities below, CTI can help you maximise research & development (R&D) tax credit:
- Creating New Solutions
- Improving Existing Solutions
- Solutions can be: Products, Processes, Services, Materials, Devices
Small/Medium-Sized Enterprise or Large Company?
A company is considered a Small or Medium Sized Enterprise (SME) if it:
- employs less than 500 staff AND
- earns a turnover of under €100m or has a balance sheet total under €86m
SMEs qualify for a 230% superdeduction or a 14.5% refundable credit.
Should a company be over these thresholds, or provide subcontracted services to a large company, then the company would be eligible for a 13% (taxable) credit under Research & Development Expenditure Credit (RDEC). The net benefits for each scenario are:
What Types of Costs are Eligible?