Our Radius team have helped hundreds of innovative businesses from a wide spectrum of sectors and industries, obtain millions of pounds of tax savings via generous government backed Research and Development (R&D) tax relief.
Providing an incentive to innovate via the tax system, the reliefs rewards innovative companies that undertake R&D as they seek to make an ‘appreciable’ improvement in science or technology. The relief is generous - a SME incurring £100,000 of costs on qualifying R&D activity could save around £25,000 in Corporation Tax. Cash repayments are also available to loss making companies.
Recent examples include the following R&D tax savings for clients;
|Sector / Industry||Tax saving (£)||Claim date|
|Detergent Manufacturer||£20k Patent Box claim||October 2020|
|Digital Transformation||£36k||September 2020|
|Bespoke financing platform||£16k||September 2020|
|Print / dye manufacturer||£50k||September 2020|
|Detergent manufacturer||£7k||September 2020|
|Heath technology||£30k||September 2020|
|Manufacturing Company||£25k||September 2020|
|Biomediocal Company||£8k||August 2020|
|Electrical manufacturing company||£50k||August 2020|
|Marketing and Events company||£31k||August 2020|
|Cyber Security||£41k||August 2020|
|Medical sector||£145k||August 2020|
|Events products manufacturer||£44k||August 2020|
|Construction Engineering||£630k||August 2020|
|Sports equipment manufacturer||£9k Patent Box claim||August 2020|
|Safety equipment manufacturer||£18k||August 2020|
|Payment solution company||£36k||July 2020|
|Rail manufacturer||£17k||July 2020|
|Procurement company||£64k||July 2020|
|0Logistics company||£50k||June 2020|
|IT & IT Communications||£61k||May 2020|
|Scientific and Engineering||£31k||May 2020|
|Technology company||£11k||May 2020|
|Electrical services company||£19k||May 2020|
|Technology company||£14k||May 2020|
|Technology based security company||£30k||May 2020|
|Machine manufacturing company||£39k||April 2020k|
|Industrial Equipment||£101k (R&D and Patent Box tax relief)||April 2020|
|Sports Engineering and Technology company||£16k||April 2020|
|Portable building manufacturer||£32k||March 2020|
|Manufacturing company||£113k||March 2020|
|Manufactuting company||£115k||March 2020|
|Software Company||£54k||March 2020|
|Electronic Eqyipment Manufacturer||£38k||March 2020|
To discover whether you are eligible to claim, download our eligibility checklist. It takes less than 10 minutes to review.
Here are just a few more examples of the types of R&D activities that our team have claimed R&D tax relief for over the years:
R&D Tax tax credit case studies
|Sector / Industry||Project||Tax saving (£)|
|Electronics||Manufacture of innovatory display equipment||1m+|
|Software Development||Producing ground breaking new software including writing algorithms||300k+|
|Software Development||Developing new visual entertainment software||£100k+|
|Software Development||Development of software involving intuitive referencing of SQL databases||50k+|
|Steel Heat Treatment||Automating & refining heat treatment processes||200k+|
|Aerospace Manufacturing||Developing products and necessary new tooling for the power and aerospace industries||200k+|
|Chemical Manufacturing||Developing new compounds for the packaging industry||150k+|
|Engineering||Prototype development to satisfy customer requests to modify existing products||c.100k|
|Chemical Testing||Development of methods of testing chemical compounds for customers||c.75k|
|Manufacturing of Animal Feeds||Development of new animal health products||20k+|
|Steel Manufacturing||Developing more efficient manufacturing processes and supporting software||100k+|
|Motorsport||Development of new processes and configurations for motor racing vehicles||c.75k|
|Advanced Design||Development of a ground breaking 3D printing process||10k+|
|Engineering||Development of high performance seating components||100k+|
The Radius team adopt a simple, straightforward and painless approach when working with companies on the preparation of their R&D claims, ensuring that they are compliant with the legislation and maximised as far as possible.
Our skilled and experienced team of R&D specialists can quickly assess the potential eligibility of a business’s development work and scope for a possible claim, before going on to prepare a claim.
- Typically our process involves three simple stages.
- We will do most of the work so you don’t have to.
- All our fees are agreed in advance with no hidden extras. Fees are usually based on a percentage of the benefit you will receive, in the form of a Corporation tax reduction, or refund.
Claiming R&D tax relief is simpler than you may think. So if your business is making an ‘appreciable’ improvement in technology or science, you could join the thousands of innovative companies nationally that have already benefited from R&D tax reliefs.
To find out more, please contact a member of the Radius team and let us show you how easy it is to make your innovation pay.
- Radius case study - see how we claimed R&D Tax Reliefs for Abbeydale Brewery Limited
- Radius case study - Penny Hydraulics Limited
- Download our guide to making a successful R&D tax relief claim
- Visit our resource library for more guides
The 2020 Tax Saving Guide
Our tax team created the 2020 tax saving guide, which includes;