What are R&D Tax Credits?
Scheme background
Introduced in 2000 for SMEs and from 2002 for large organisations, Research and Development tax credits are an underused government incentive that rewards businesses for innovation and proactive development. Whether you're pioneering new technologies that will revolutionise your industry or improving your operations and business knowledge, you could claim in the form of a cash rebate or money off your corporation tax.
Money that can be put back into your business.
Minimal fuss, maximum growth.
Are R&D Tax Credits worth it?
es, absolutely. Did you know that less than 15% of eligible businesses are accessing the government's budget for R&D tax credits? We could all benefit from a little extra cash, and this scheme will allow you to claim back up to 33% of what you spend, resulting in a substantial cash injection.
You can receive the money within 8-10 weeks, and all you need to do is have a couple of calls with our experts and let us sort out the tricky stuff. The process is so painless; you've got nothing to lose.
Research & Development (R&D) [rɪˈsɜːʧ ænd dɪˈvɛləpmənt]
Activities that seek to achieve an advance in overall knowledge or capability in the field of science and technology. They should resolve scientific or technical uncertainty, and not be easily solved by a professional in the field…
How does it work?
When you spend money on developing or improving your business, you're entitled to get a percentage of what you spend back. Once we've made sure you're eligible, our specialist consulting team will help you every step of the way ensuring the process is as quick and pain free as possible. We take care of the tricky bits, so you don't have to.
No Captial Outlay No-Win, No-Fee
We Find Every Possible Pound of qualifying spend
Reward Innovation and re-invest the proceeds
How do R&D Tax Credits benefit your business?
What % can be claimed if you are:
Profit Making
up to 25%
up to 25%
Loss Making
up to 33%
up to 33%
Are you eligible?
Think R&D tax credits are only for giant tech companies? Think again. Any registered Limited company paying corporation tax is eligible if you invest money into research and development. We support clients across a vast range of industries. For example, whether you run a hotel or a marketing firm, Yuzu Group's industry-leading consultants can propel your business growth with valuable R&D credit cash injections.
There's absolutely zero risk and no upfront costs, so you can walk away without spending a penny. Our reward is totally success-linked, meaning we only receive a fee when your fee is accepted and scheduled for payment by HMRC.
Check your eligibilityWhat can I claim for?
Now you're asking the juicy questions. The breadth of things that classify as R&D is enormous. If you create a new product, that's R&D. If you research a more efficient method of operation, that's R&D. An example could be a bakery working on creating a new pastry recipe - the money they spend on ingredients, utensils, staff costs, and bills whilst working on the recipe can be paid back with R&D tax credits.
Projects don't even have to be successful or have seen the light of day to claim for them.
Common expenditure claimed for include the following:
Qualifying expenditureStart Your R&D Tax Credit Journey
Ready to see the fruits of your labour? Begin your R&D tax credit journey with us now. Whether this is your first time or you've applied before, Yuzu Group has got you covered.
Start Growing Today