Chamber R&D

R&D tax relief is very generous, and an SME incurring £100k of qualifying costs could save in the region of £25k in tax. Large companies can claim the Research & Development Expenditure Credit (RDEC) at 13% of the qualifying expenditure.

Claims can go back two financial years, so first-time claimants can particularly benefit.

Members can also claim Patent Box Tax Relief, which allows them to pay a lower corporation tax rate of 10% on profits deriving from patented products or processes.

Radius has already helped Barnsley & Rotherham Chamber members save over £700,000.

It has never been more important to ensure R&D tax relief claims are done properly, with HMRC cracking down heavily on historic and current error-strewn claims. Radius has detailed quality assurance processes to ensure claims are fully optimised and compliant, including a detailed review by a former HMRC R&D Tax Inspector.
This is how Radius helps clients secure the maximum relief available, while promising reassurance and minimum fuss for the business itself.

Projects that qualify as innovative will have attempted to achieve an advance or an appreciable improvement in science and technology.

It must also have encountered and attempted to overcome technological or scientific uncertainty.

Finally, it must be something that could not be easily resolved by a competent professional in the field.

Innovative projects include the development of new and improved products, improving manufacturing processes, or creating new software solutions.

Many companies don’t realise they qualify for this generous tax relief – but it’s easy (and costs nothing) to find out!

The Radius team has already saved clients millions in R&D tax relief and patent box claims. Their notable case studies include:

• £150k+ saving for a cyber security specialist
• £125k+ saving for an automotive seating manufacturer
• £40k+ saving for a developer of printing machines
• £27k+ saving for a specialist manufacturer of thermal systems
• £60k+ saving for a window manufacturer

Chamber members can learn more about these qualifying projects, and how much tax they saved, in the free Radius R&D tax relief case study guide.

30-60 minutes, either in person or over the phone to explore whether a claim is possible.

We work with you to identify qualifying projects and costs to include in the claim.

We work with you to maximise the claim within the scope of the legislation. We produce the technical report and a summary of qualifying costs that is required to support a claim. You review it and when you’re happy, we’ll submit the whole claim to HMRC for you. You’ll then receive your tax savings from HMRC – up to a quarter of the amount you’ve actually spent on innovating.