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What are R&D Tax Credits?
R&D Tax Credits, introduced by the UK government in 2000, are designed to promote innovation by providing tax relief to companies engaged in scientific or technological advancements.
R&D for tax purposes involves projects aiming to achieve progress in these fields by resolving uncertainties. Qualifying activities include various forms of innovation and development.
By claiming back a portion of their R&D expenditure, businesses can reduce their tax bill or increase taxable losses, thus gaining valuable funding to reinvest in resources and further advance their R&D efforts. This incentive acts as a mechanism to help companies foster innovation and drive growth.
Common R&D Eligibility Within The UK Medical Sciences and Software Industry:
By meeting the criteria for R&D Tax Credits, your company can gain access to substantial financial rewards, enabling you to accelerate research and development efforts, invest in new technologies, hire additional staff, and drive overall growth.
You may qualify for Architecture R&D activity if you meet the following criteria:
MEDICAL SCIENCES
Development of New Treatments or Therapies: Research aimed at creating new drugs, medical devices, or treatment methods.
Clinical Trials: Conducting trials to test the safety, efficacy, or feasibility of new medical
interventions.
Biotechnology Research: Work involving genetic engineering, stem cell research, or other biotechnological advancements.
Diagnostic Tool Innovation: Developing new or improved diagnostic tools and techniques to better detect diseases.
Medical Device Development: Designing, testing, and refining new medical instruments or
devices.
Improvement of Existing Treatments: Efforts to enhance the effectiveness, reduce side effects, or lower the cost of current treatments.
SOFTWARE INDUSTRY
Development of New Software Products: Creating new software applications or systems, especially those involving novel algorithms or technologies.
Improvement of Existing Software: Enhancing the performance, functionality, or security of existing software systems.
Innovative Data Processing Techniques: Developing new methods for data analysis, machine learning, or artificial intelligence.
Software for Medical Applications: Creating or improving software specifically designed for medical research, diagnostics, or patient care.
Cybersecurity Development: Research and development of new cybersecurity measures, encryption techniques, or security protocols.
Complex Systems Integration: Work on integrating complex systems that involve significant technological challenges.
R&D TAX Credit Schemes
The government's R&D criteria are intentionally broad. Regardless of your company's size or sector, if you are supporting scientific or technological innovation, you may be engaging in qualifying activities. The R&D Tax Credit Schemes are designed to support and incentivise innovation across various business sizes.
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Our R&D Tax Claim Process
Discover our streamlined process for securing R&D tax credits. We ensure complete transparency in our services, with no hidden fees.
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01
Discovery and Assessment
Your ATL contact, supported by our specialists and consultants, will gather the necessary information. Our team will then help identify qualifying R&D and work with you to prepare a successful claim.
02
Building your R&D Tax Credit Claim
We will build your claim, add the required evidence for HMRC, and detail your qualifying activities and costs, ensuring compliance for a strong claim.
03
Review and Submission to Process
You'll get reports for approval with breakdowns of our findings. After submitting your claim, we'll liaise with HMRC, providing ongoing support.
04
Receipt of Benefit Funds and Reinvestment
The R&D tax relief can come in the form of a tax credit or a reduction in Corporation Tax liabilities (or both).
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