R&D tax relief case studies – how we help clients save tax

26 July 2021 Scott Burkinshaw View all News

Our Radius team has 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 - an 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
       Software Development       £34K        September 2021
       Sports Engineering       £7k        August 2021
       Electronic Equipment       £52k        August 2021
       Footwear Manufacturer       £8k        July 2021
       Communications sector       £16k        July 2021
       Cryogenic technologies       £25k        June 2021
       IT solutions provider       £13k        June 2021
       Event Security       £31k        June 2021
       Air conditioning       £55k        June 2021
Manufacturer of rail products £20k May 2021
Logistics £32k May 2021
Hardware Manufacturer £123k April 2021
Manufacturing £30k March 2021
Heating technology £23k March 2021
Collaborative claim within the
rail industry
£100k March 2021
Manufacturing in Food £4.5k March 2021
Recycling £58k March 2021
Recent claim completed for the company £123k (R&D and Patent Box tax relief) March 2021
Fintech Company £34k March 2021
Manufacturing and Engineering £125k March 2021

 

Check whether your activities qualify and whether you are eligible to claim R&D Tax Relief

To discover whether you are eligible to claim, download our eligibility checklist. It takes less than 10 minutes to review.

Eligibility checklist
Download

 

 

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 groundbreaking 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 groundbreaking 3D printing process 10k+
Engineering Development of high-performance seating components 100k+

 

The Radius team adopts 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.

 

Claim your free consultation

 

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. 

 

The 2021-22 Tax Saving Guide

Our tax team created the 2021-22 tax saving guide, which includes;

  • 70 tax saving ideas
  • top tax risks to avoid
  • covers areas relevant to both entrepreneurs and owner-managed businesses
  • includes many of the top issues we frequently advise on.

Download your free copy of the guide.

 

21-22 Tax Saving Guide cropped-1

Download my FREE copy

Tax-Saving Tips for Individuals and businesses

Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid.

If you're looking for ways to reduce your liability, claim your copy and start planning how you could pay less tax.

Download Now

Can businesses like yours claim R&D Tax Relief?

We have compiled comprehensive set examples and case studies. 

Split into industry sectors this guide will take you through the types of activities your business might undertake and demonstrate recent examples of how clients have saved significant amounts of tax by claiming R&D tax relief.

Download Now
COMPLETE THE FORM AND A SPECIALIST WILL BE IN TOUCH

Free Consultation

Simply complete the form and one of our team of specialists will be in touch within one working day.

Begin your journey with us today

Drop us a line today to see how we can help your business thrive
GET IN TOUCH