Home » Tax » Research & Development

R&D tax credits

More businesses qualify for research and development tax relief than you might think. If your business is investing in innovation, you might be eligible. Whether that results in a reduction in your corporation tax bill or a cash credit against your R&D costs.

The principle of R&D tax credits is straightforward, but the details aren’t. The definitions around what costs are eligible, and the associated legislation, can be tricky to interpret. The claim process can be long, and many companies worry about it getting wrong. Our in-house experts will work to identify what qualifies and ensure your R&D tax claims are accurate, defensible and complete.

Speak to an expert

Jan Fachot, Partner in PEM's Business Tax team

Innovation tax relief specialists

How do you know if the investment you’ve made in innovation is eligible for research and development tax relief? Our specialists don’t just process R&D tax claims; we work to understand your business properly before we start. That means:

Discovery: understanding your research activities and assessing which projects qualify
Eligibility: identify what costs can be included to maximise the claim
Drafting: preparing claims in line with the latest HMRC guidance
Cost assessment: reviewing the financial report to make sure figures are reported accurately.

As part of the Cambridge ecosystem, we help many organisations that are making scientific or technological breakthroughs. Please do get in touch if you need support with an R&D tax claim.

Let’s talk