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    R&D Tax Credit Calculator

    Have you ever wondered whether you could make a claim for R&D tax incentives? Or, if you’ve already made a claim, maybe you want to find out how it stacks up against your industry peers and expectations? Our R&D Tax Credit Calculator answers those questions and gives you an instant estimate of the benefit available to you. The calculator has been specifically developed using historic claim data to benchmark R&D claims on a sector by sector basis – this provides you with a bespoke estimate for your industry.

    To be a SME for R&D tax purposes your company (and the group it is part of) must have fewer than 500 employees, and either a turnover under 100m or gross assets on your balance sheet under 86m. If your company does not meet the SME criteria, then you are classed as a Large Company for R&D tax purposes.

    in R&D tax claims. Speak to us for a more accurate estimate of your benefit

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    This estimate has been calculated using our industry benchmarks which also factor in other types of qualifying costs beyond just staff costs. We consider our benchmarks to be the best in the industry as we strive to find every ounce of qualifying cost, and have a proven track record of successfully uplifting claims across all industries. There are many factors which can affect the size of your R&D tax claim. The figures provide an estimate based on the information you have submitted and no guarantee is given that you will obtain this amount from HMRC. The figures are provided without acceptance by Cooper Parry of any responsibility whatsoever, and any use you wish to make of the information is, therefore, entirely at your own risk. If would like to discuss your claim further, please get in touch with a member of your R&D team.

    For a more detailed account, nothing substitutes professional advice. At Cooper Parry, our R&D specialists offer high-quality, straight-talking, expert advice in simple language. No technical gobbledygook. Looking to maximise your claim? Our R&D tax credit advisers are here to help.

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    Generally, SMEs claim R&D tax credits or R&D tax relief and Large companies claim Research and Development Expenditure Credits (RDEC). However, SMEs may be eligible for RDEC if they cannot claim R&D tax credits or R&D tax relief under the SME regime.

    SME R&D INCENTIVES BENEFIT

    The Governments R&D incentives regime can be worth up to 33% of a SMEs R&D expenditure. However, the actual support will vary depending on whether you are profit-making or loss-making, and your Corporation Tax position.

    PROFIT MAKING SMES

    You can receive tax relief against your corporation tax liability equating to c. 25% of your qualifying R&D expenditure. That’s a reduction of £2,500 from your tax bill for every £10K you spend on R&D activities.

    LOSS MAKING SMES

    Are you a loss-making business with high R&D costs? You could be in line for up to 33% of your expenditure in the form of cash credit. That means you could receive over £3.3k for every £10k you spend on R&D. Remember, much more can be claimed as R&D than you might have expected. Check what relief you could be owed for your R&D with our tax credit calculator.

    LARGE COMPANY RDEC BENEFIT

    If you are a large company, or an SME unable to claim under the SME regime,you may be eligible to claim under the RDEC regime. This is a cash or tax benefit of almost 10% (after-tax) or 10p per £1. This means that for every £100k you spend on qualifying R&D expenditure, you can either receive a £10k tax reduction or if you are a loss-maker, receive this support as £10k of cash. Unlike the SME regime, the net benefit doesn’t change whether you are making a loss or making a profit. SMEs who cannot claim R&D tax credits due to having grant-funded projects may also be eligible to claim under the RDEC regime. Find out how much your RDEC claim could be worth using our tax credit calculator today, or get in touch with us for more detail.
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