With several major tax reforms announced in the 2024 Autumn Budget, innovative companies and R&D tax specialists were understandably apprehensive about the prospect of further changes to the R&D Tax Credit scheme. However, no changes to the scheme were announced, bringing some welcome stability to R&D tax reliefs.
R&D Tax Relief eligibility continues to confuse
The raft of recent changes and growing HMRC scrutiny into claims has led to significantly fewer companies making claims, including many genuine claimants who would qualify for valuable relief.
We expect this is partly due to the uncertainty about what HMRC defines as qualifying R&D.
R&D Tax Relief remains an attractive way to reduce Corporation Tax and as Employers NI is a qualifying cost, an R&D claim could potentially be a way of recovering some of this increase.
If you are unsure if your R&D project qualifies for the R&D Tax Credit scheme, the Radius team has an innovative solution to this common area of confusion.
How does our new AI-guided eligibility checker work?
Our new AI-guided questionnaire is a user-friendly and efficient way to determine your eligibility. It requires no more than 10-15 minutes of your time to complete, but may offer some much needed clarity.
The tool will evaluate your project, cross-referencing it with the latest technologies and R&D guidance from HMRC. It then provides an immediate and clear estimation of your project's eligibility.* We understand the importance of quick, straightforward and informative information, which is why we believe the insights provided by this tool will be so valuable to potential claimants.
Contact us to try out the new tool
If you would like to try out the new AI-driven eligibility tool, please reach out to the Radius team using the form below. Our team of R&D specialists can also assist with any other queries you might have about a new or existing claim.
* Please be aware, the information provided by tools such as this should be treated as an initial guide only. It is not a substitute for a consultation with an R&D tax specialist. We strongly advise you to discuss your R&D project with an expert before starting any claims.
Darryl Hoy
Darryl is the Technical Director of the Radius team. He is a specialist in Research & Development tax reliefs, having previously worked at HMRC as an R&D Tax Inspector.
View my articles
