What is the benefit?

The benefit depends on whether you are a large company or an SME (small or medium sized enterprise). The SME benefit is typically around 26% of the qualifying expenditure on eligible R&D and for large companies more like 9%.

Large companies

From 1 April 2015, large companies can claim a taxable cash payment (an "R&D expenditure credit") of 11% of their qualifying expenditure (previously 10%).

Small or medium sized companies

An SME may be able to exchange trading losses for cash (the "tax credit"). This can be worth up to 33.35% of the qualifying expenditure.

If tax-paying, an SME may be able to generate a repayment of tax or reduction in tax liability worth up to 26% of the qualifying expenditure.

Perhaps surprisingly, SMEs may claim under both regimes in some circumstances. We support both large international organisations and SMEs and can help you ensure you are claiming the right benefit.

Quick facts

  • You can back claim for two years
  • You can often claim even if being paid
  • You can claim even if grant-funded
  • Low risk: our fees can depend on results