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We help with R & D tax credits

Many business owners don’t believe that they are eligible for R&D tax relief as they think it’s only for huge scientific breakthroughs. But R&D tax credits are designed to encourage investment in scientific and technological innovation, whether that’s developing a new process, product or service either internally or for a customer, you could qualify.

Imagine if you had extra tens of thousands of pounds to invest in your business? This is what research and development (R&D) tax credits can do for you.


Why dns accountants ?

There are huge benefits to using the dns R&D tax credits team to claim
your R&D tax credits , here’s just a few of them…

Fixed Fee
We work on a 'Fixed fee basis', no surprises, giving you full control.
Maximum claim value
We maximise each and every claim by doing a thorough review of your business.
Future claims identified
As part of our service, we look at future claim opportunities and help you plan and develop them.
Minimum time investment
We do a thorough job whilst keeping your time needed in the process down to a minimum, so you can continue to run your business.
No corner cutting
We never cut corners and prepare a robust technical report for HMRC and guide your accountant (if needed) for completing the relevant tax returns.

Your trusted partners for R&D tax advice

Our team of R&D tax experts, accountants, and science and technology specialists work together to provide top-notch support for your business. We help you get the funding your innovative ideas deserve. Our R&D Tax credit claim process is as follows:

  • Call or email us for a free, no commitment assessment.
  • We firstly check your company’s eligibility to claim and the accounting periods you can file the claim for.
  • We work with you to identify the projects and costs eligible for R&D.
  • Our specialists then work with you to gather the project information related to qualifying R&D activities to prepare the technical report.
  • We calculate the tax benefit and prepare the corporation tax return.
  • Submit the claim to HMRC.
  • We respond to any HMRC queries or challenges.
  • HMRC usually issues payment within 40 days

See how dns can help you today.

Do you need an R&D tax credits claim service from leading experts? Give us a call today on 03300 886 686 to speak to our advisors, we'll find the right solution to all R&D needs.


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Frequently asked questions for R&D tax credit

Got questions?

For tax purposes, when a company undertakes a project that seeks to achieve an advancement in overall knowledge or capability in a field of science or technology, it is involved in R&D. The R&D scheme enables the company to either reduce its corporation tax liability, get a tax refund on previously paid tax, or, if the company is loss-making, they could receive a tax credit byproving that theyhave incurred costs on qualifying R&D.

From April 2024, there are primarily two types of R&D Tax Relief schemes based on your company’s size and the R&D activities.

  • Enhanced R&D intensive support (ERIS)

    If you are an SME, i.e., a small or a medium-sized enterprise, with:

    • - less than 500 employees
    • - a turnover of a maximum of €100m or a balance sheet total of less than €86m
    • - you make a trading loss for tax purposes and
    • - you meet the R&D intensity condition,

    you can claim R&D tax credits under the ERIS.

    What does it offer?

    This relief allows a company to do the following:

    • Deduct 86% of their qualifying costs from their yearly profit over and above the normal 100% deduction, making a total of 186% deduction of their qualifying costs.
    • Claim a tax credit, worth a maximum of 14.5% of the surrenderable loss
  • Research and Development Expenditure Credit (RDEC)

    If you are not eligible for the ERIS, you can claim under the RDEC scheme. Any trading company within a charge to corporation tax whether it’s an SMEs or a large company, is required to claim R&D tax credits under the RDEC scheme for accounting periods beginning on or after 1 April 2024.

    What it offers?

    The RDEC offers you a tax credit for 20% of your qualifying costs on the R&D project. The payable tax credits are subject to a notional corporation tax restriction depending upon the corporation tax rate (small profits or main rate) the company is usually subject to.

    Please note, for companies claiming R&D Tax relief with accounting periods beginning prior to 1 April 2024, the old R&D Tax relief schemes apply. Kindly contact us on info@dnsaccountants.co.uk to know more.

Whatever the size of your business, if you are creating new products, processes or services – or modifying existing ones – there is a good chance you could be carrying out R&D.

R&D can take place in any sector. It occurs in everything from food-processing to software development, construction to healthcare.

If you can answer 'Yes' to these questions then, it looks like you are involved in R&D:

  • 1. Do you create new products, services or processes, using science or technology?
  • 2. Or Have you improved your existing products, services or processes or experimented with new equipment or production techniques?
  • 3. Have you had difficulties and challenges in trying to create or improve these products or processes?
  • 4. Do you or your team have experience or qualifications relevant to this work?

Projects that make an advancement in some area of science or technology will usually qualify for R&D. It doesn't have to be a ground-breaking invention orthose that happen only in white coats scientific laboratory, but it does need to achieve advancement in science or technology, and by extension the industry in some way.

For a project to qualify, the company needs to explain how the project:

  • looked to seek an advancement in a field of science or technology.
  • had to overcome an uncertainty.
  • tried to overcome this uncertainty
  • could not be easilyworked out bya professional in the field.

Therefore R&D can include creating new processes, products or services, making recognisable improvements to existing ones and even using science and technology to replicate existing processes, products and services in a new way.

Please use our R&D Tax relief eligibility checker to find out if you are eligible to make a claim –

The R&D tax relief claim needs to be submitted with your corporation tax return for the accounting period you would like to claim.

Prior to submitting the claim, you may need to submit a claim notification form and provide the necessary information to notify HMRC in advance of your claim. The notification can be submitted at any time between the beginning of the accounting period and up to 6 months after the end of the accounting period for which the claim is made.

Further, every company is now required to submit an additional information form to support their claims.

Please contact us to know more about the filing requirements and how dns can assist with your claims.

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