Can my startup claim R&D tax credits?
Many companies don’t realise they’re spending money on activities that qualify for R&D tax relief. That means they miss out on a cash boost or a reduction in their tax bill.
If you’ve invested time and resources into developing a new product or service – or even tried to improve something that already exists – you could be eligible to claim back up to 33% of your R&D spend from HMRC.
The type and amount of R&D tax relief you can claim depends on how much you’ve spent, what you’ve spent it on and whether your company is making a profit or not.
If you’re loss-making
You could claim up to 33% of your R&D spend as a direct cash payment.
If you’re profit-making
You could reduce your Corporation Tax bill by around 25% of your R&D expenditure. Or receive a refund for overpaid tax.
Simply enter the rough figures for your expenses into our R&D tax credit calculator to see what you could claim.