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 |
Sports equipment manufacturer | £40k (PBox claim) | November 2022 |
Workforce management platform developer | £50k | November 2022 |
Medical Instrument Supplier | £55k | November 2022 |
Digital Tech Solutions | £100k | October 2022 |
Electronics Manufacturer | £42k | October 2022 |
Plant Hire sector | £28K | September 2022 |
Drug discovery sector | £1.3m | September 2022 |
Online learning sector | £110k | September 2022 |
Chemistry | £116k | August 2022 |
Software Developer | £74k | August 2022 |
Manufacturer of winter sports equipment | £19k | August 2022 |
Railway Industry | £22k | August 2022 |
Scientific Services | £30K | June 2022 |
Transport Logistics | £21k | May 2022 |
Cyber Security | £16k | March 2022 |
Rail Software Specialist | £23k | March 2022 |
Paint Development | £44k | March 2022 |
Data Provider | £61k | January 2022 |
Engineering Design Company | £91k | December 2021 |
Engineering Design Company | £33k | December 2021 |
Digital IT Company | £49k | November 2021 |
Material Scientists | £28k (R&D and Patent Box tax relief) | November 2021 |
Technology company | £103k | November 2021 |
Check whether your activities qualify for R&D Tax Relief
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 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.
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.
Scott Burkinshaw
Scott is Tax Partner at Shorts, specialising in providing strategic corporate and personal tax advice.
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