Free assessment of your eligibility for R&D tax relief
4 simple steps to claim your R&D tax credits online.
How does it work?
4 simple steps to optimise your R&D tax relief
Add your projects to our easy to use template to produce your technical report
Our team of experts scrutinise your claim to ensure a maximum chance of success
Download your R&D claim report to send to HMRC
R&D funding for SMEs
All your technical and financial data is stored securely on the platform
By using My R&D Claim platform, you can be sure that your claim will make the most of your R&D
Our platform makes it easy to claim by guiding you through the process in a straight-forward and practical way
A team of experts to help you through the process
International leaders in the innovation funding sector
Annual Savings for our clients
Years of experience
Success on submitted claims in the UK
What activities are eligible as R&D for tax purposes?
R&D tax relief is available in all sector. From HMRC’s perspective, R&D starts when a project seeks an advance in science or technology. Uncertainty in the success of innovation is required. The R&D is considered to be complete at the point at which the uncertainties have been overcome.
For example, the eligible projects can seek to create a new process or product. Your company can also work towards the improvement of an existing technology. Failure or not full achievement of the project is absolutely worth considering when looking for R&D, as activities working towards an advance are eligible even if they do not succeed.
F. Initiatives experts review the details of your projects and advise you on their eligibility. Try our Free R&D Tax Credits Calculator to check your eligibility for R&D Tax Credits.
How much can I benefit from R&D Tax relief?
Profit making SMEs can claim back 26% of eligible R&D expenditure through benefitting from corporation tax relief. Loss making SMEs can claim back up to 33% of eligible R&D by surrendering their losses for a payables tax credit which means cash directly given to the business. If your company is leading grant funded projects, whilst this can prevent you from claiming under the SME scheme, you can still claim under the RDEC (Large Company) scheme which can provide you an additional 8.8% back through a taxable credit. You can check your eligibility for R&D tax credits online with our Free R&D Tax Credits Calculator.
What costs are eligible for R&D Tax Credits?
You can claim for staff costs (including salaries, national insurance, pension costs and expenses), sub- contracted activities and agency workers, and the costs of consumables and software associated to R&D activities. Indirect costs associated to your projects as for example, maintenance, finance or training costs are also eligible. Check your eligibility with our Free R&D Tax Credits Calculator.
How does the platform work?
Once you decide to use My R&D Claim, you will receive credentials to access the platform. On the platform, you can fill in your costs associated to R&D and describe your projects. Our experts are available along the process to help you and review your claim. Finally, you will be able to download your R&D report through the platform and submit it to HMRC. We also offer a Free R&D Tax Credits Calculator.
What years can I claim for?
You are able to go back up to two years to submit your R&D claim to HMRC. For example, if your financial year end is placed on 31 December, you can submit your 2016 claim until the 31 December 2018.