What is R&D Relief

R&D tax relief includes a range of Government sponsored R&D incentives coming in the form of either a repayable tax credit, expenditure credit or super-deduction.

R&D tax relief & Research and Development Allowances (RDA) for Small & Medium Enterprises (SMEs)

  • Super deduction of 230% (from 1 April 2015) or 225% (prior to 1 April 2015)
  • Loss making SMEs can obtain a payable cash credit of up to 33.35%
  • RDA: 100% deduction in year of spend for capital expenditure incurred facilitating R&D

R&D expenditure credit (RDEC) & Research and Development Allowances (RDA) for large companies

  • RDEC: 13% (from 1 April 2020), 12% (from 1 January 2018), or 11% (prior to 2018)
  • RDA: 100% deduction in year of spend for capital expenditure incurred facilitating R&D

Knight R&D can deliver service leading results because we have:

  • Relevant industry or claim experience across all sectors
  • A tried and tested approach which helps enable efficient and robust claim preparation, while minimising the time spent by your team
  • A well-established and proven approach to presenting HMRC with the information it needs to be satisfied with the qualifying nature of a claim

Outsourced claim service

For first-time claimants or companies that simply don’t have the time or the inclination to bring the required expertise in house, we can provide our fully outsourced service.

  • Identify the nature and extent of your qualifying projects and activities
  • Quantify the relevant qualifying expenditure
  • Summarise your R&D technically and document your claim method in a format suitable for HMRC’s review and agreement
  • Liaise with HMRC as required to assist in responding to any queries that may arise
  • Review the entries made by your tax agents in your tax computation specific to the R&D claims to confirm whether they are as expected