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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 Manufacturing 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 Manufacturing R&D activity if you meet the following criteria:
Product Innovation: Designing and developing new products or significantly improving existing ones to enhance performance, functionality, or market competitiveness.
Process Improvement: Optimising manufacturing processes to increase efficiency, reduce production costs, and improve product quality. This can involve automation, advanced manufacturing techniques, or lean manufacturing principles.
Materials Engineering: Researching and developing new materials or improving existing ones to achieve better performance, durability, or sustainability.
Systems Integration: Developing and integrating complex systems, such as control systems, software, or electronic components, to improve overall system performance and reliability.
Environmental Engineering: Creating innovative solutions to environmental challenges, such as reducing emissions, managing waste, or improving energy efficiency.
Structural and Mechanical Engineering: Addressing complex structural or mechanical challenges, including developing new designs, improving load-bearing capacities, or mechanical systems.
Advanced Technologies: Utilising cutting-edge technologies such as artificial intelligence, machine learning, or the Internet of Things (IoT) to drive innovation and improve engineering outcomes.
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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