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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.

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. 

author

Scott Burkinshaw

Scott is Tax Partner at Shorts, specialising in providing strategic corporate and personal tax advice.

View my articles