Research and development tax relief
What is R&D tax relief?
Research and development (R&D) tax relief is an incentive designed to encourage innovative businesses to invest in the UK as their base.
Over recent years there have been numerous changes to the R&D landscape, making eligibility criteria and compliance requirements increasingly difficult to navigate.
Maximise your value from R&D claims
Our interactive R&D tool helps to explain the complexities of the different regimes while our specialist innovations relief team will take care of the process for you. We ensure that you maximise the value from your R&D, minimise your time commitments and submit an error-free claim.
Drawing on our close working relationships with HMRC’s R&D specialist units, we have helped businesses of all sizes and across sectors to make successful R&D tax relief claims.
Minimise the time spent on report preparation while ensuring your claims are robust.
Our detailed expert reports include the calculations, claim methodology and R&D project narratives necessary to support your R&D claim.
Refresh your team’s in-house knowledge with an R&D workshop, hosted by experienced innovation reliefs specialists.
We will help to develop your in-house capabilities, helping your team to better spot R&D opportunities and avoid common eligibility pitfalls.
Get deal-ready and unearth missed tax relief opportunities.
The risk of inaccurate historic R&D claims can present an obstacle during transaction due diligence.
You may also be concerned that R&D tax relief has previously been underclaimed.
Our expert review provides assurance to stakeholders and potential investors, while helping to identify unclaimed tax relief.
Resolve HMRC enquiries quickly and with minimal disruption.
HMRC continues to focus its investigatory team on R&D claims.
Our experienced R&D specialists ensure quick resolution of HMRC queries, saving you time.
If you are facing a full-scale HMRC investigation, we can help you to resolve your tax dispute efficiently and with minimal disruption to your business.
How we can support your R&D tax claim
Despite the continuous need for innovation and bespoke solutions, there are two common misconceptions held by companies: they do not undertake any qualifying R&D activities, and it’s too difficult to make a successful claim. Companies in almost all sectors will undertake some qualifying R&D.
This has been amplified in recent times, where a combination of press scrutiny and HMRC focus has ‘raised the bar’ when it comes to preparing R&D claims. Similarly, it has also left many businesses wary of making claims.
With RSM’s combination of specialised R&D tax and industry-trained experts, we can help you prepare and submit R&D claims in line with HMRC’s latest requirements. Through discussions with senior members of your technical teams, we can quickly assess claim potential and eligibility. Our team is skilled in rapidly identifying activities and expenditure that qualify - saving you time.
Our specialists, located across the country, come from both technical and tax backgrounds, so they have a deep understanding of your business and the activities that qualify for R&D relief in your industry. Our strategy is to provide a service to our clients locally, so that we stay closer to you and the markets in which you operate. This means we can develop strong personal relationships that generate real value.
Alongside R&D tax reliefs, our innovation and capital tax reliefs team provides specialist advice on the patent box regime and creative sector tax reliefs, ensuring a holistic and tax-efficient approach. To find out more about R&D tax reliefs and how we can help, please contact James Tetley, Sheetal Sanghvi, Graham Steele, Constantine Costas or Chris Alderman.
Understanding the changing R&D rules
Get to grips with the UK’s shifting R&D landscape with our interactive tool.
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