--- title: Two-year window for claiming R&D tax credits is ending soon description: For Companies with upcoming year-ends, the two-year window to claim R&D tax credits is about to close. Don't miss out on your chance to claim. image: https://blog.shorts.uk.com/hubfs/Stock%20images/Two%20scientists%20looking%20into%20the%20container%20in%20the%20factory.jpeg --- [![Shorts_logo_White](https://blog.shorts.uk.com/hubfs/New%20Site%202018/Shorts_logo_White.svg "Shorts_logo_White")](https://www.shorts.uk.com/) [Blogs & News](https://blog.shorts.uk.com/) > [RADIUS - R&D Tax Relief & Patent Box](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) # Two-year window for claiming R&D tax credits is ending soon Darryl Hoy - 16 February 2023 ###### Select topic - Please Select - [ Audit ](https://blog.shorts.uk.com/topic/audit) [ Business Taxes ](https://blog.shorts.uk.com/topic/business-taxes) [ Radius – R&D Tax Relief & Patent Box ](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) [ Corporate Finance ](https://blog.shorts.uk.com/topic/corporate-finance) [ GENUS Management Accounts ](https://blog.shorts.uk.com/topic/genus-management-accounts) [ VAT ](https://blog.shorts.uk.com/topic/vat) [ Private Client ](https://blog.shorts.uk.com/topic/private-client) [ Payroll ](https://blog.shorts.uk.com/topic/payroll) [ EOT ](https://blog.shorts.uk.com/topic/eot) [ International Taxes ](https://blog.shorts.uk.com/topic/international-taxes) ![featured image](https://blog.shorts.uk.com/hubfs/Stock%20images/Two%20scientists%20looking%20into%20the%20container%20in%20the%20factory.jpeg) The two-year window for claiming Research and Development (R&D) tax credit is about to close for companies with upcoming year-ends. Companies can claim R&D Tax credit for an accounting period ended within the past two years, which means that any company with an April** **accounting date has until**  31 March 2023** to potentially make a claim for qualifying expenditure incurred for the year ended** 31 March 2021**** **and so on. We encourage companies to get in touch with the Radius team for a consultation so that they can ensure they don't miss out on this valuable relief. ### How does the relief work? R&D Tax Reliefs provide companies with the opportunity to claim generous tax savings for their innovative activities.  Opportunities for making a claim are often overlooked, with business owners overestimating the innovation required to claim. Projects qualifying for R&D relief include those seeking an appreciable improvement in science or technology. So, if you are paying technical staff to solve technical problems there may be scope to claim if you are: - Modifying a manufacturing process - Developing bespoke software - Creating a new product or improving an existing one Eligible companies can obtain tax relief on qualifying expenditures either by reducing taxable profits or creating (or increasing) tax losses which can be sacrificed to HMRC in return for a cash repayment. The SME scheme is currently worth around 25% of qualifying R&D expenditure. However, this will change in April 2023, when this figure will be reduced to 21.5%. Our Radius specialists focus on quickly and concisely assessing a company’s eligibility to claim Research and Development tax reliefs. They will then ensure that your claim is completed as painlessly as possible, is compliant (we have a 100% success rate) and is maximised.  So, if your business has a year-end that coming up, why not speak to a member of the **`Shorts' Radius team` **and find out just how easy it is to make your business's innovation pay or visit our [resource library](https://www.shorts.uk.com/resource-library/) for more downloadable guides.  ![author](https://blog.shorts.uk.com/hubfs/darryl.png) #### 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](https://blog.shorts.uk.com/author/darryl-hoy) Tags: [RADIUS - R&D Tax Relief & Patent Box](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box), [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) Share this on - - - [Questions? Get in touch with us](https://www.shorts.uk.com/contact/) ###### Tax Saving Guide 2026-27 Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid. [ Download now ](https://info.shorts.uk.com/en-gb/tax-saving-guide) ![Tax saving guide 2026-27](https://blog.shorts.uk.com/hs-fs/hubfs/Tax%20saving%20guide%202024.jpg?width=375&height=465&name=Tax%20saving%20guide%202024.jpg) ###### Related articles ##### [New HMRC info paints bigger R&D tax credit picture](https://blog.shorts.uk.com/new-hmrc-info-paints-bigger-rd-tax-credit-picture) ##### [Autumn Statement 2023: R&D Tax Relief Changes](https://blog.shorts.uk.com/autumn-statement-2023-rd-tax-relief-changes) ##### [Claiming R&D tax reliefs in 2026](https://blog.shorts.uk.com/claiming-rd-tax-reliefs-in-2026) ##### [How long does an R&D Tax Credit claim take?](https://blog.shorts.uk.com/how-long-does-an-rd-tax-credit-claim-take) ###### Latest articles [A case of aggressive tax avoidance: Glasgow Rangers Football Club](https://blog.shorts.uk.com/aggressive-tax-avoidance-affect-you) [What is VAT? - Complete Guide (Updated for 2025/26)](https://blog.shorts.uk.com/what-is-vat) [Ashgate Hospice Sparkle Night Walk 2026](https://blog.shorts.uk.com/ashgate-hospice-sparkle-night-walk-2026) [Stocktaking guide for UK businesses](https://blog.shorts.uk.com/stocktaking-guide-for-uk-businesses) [Supporting the Chatsworth Cascade for future generations](https://blog.shorts.uk.com/supporting-the-chatsworth-cascade-for-future-generations) [Deal of the Year win at Insider Dealmakers Awards 2026](https://blog.shorts.uk.com/deal-of-the-year-win-at-insider-dealmakers-awards-2026) [Football shirt Wednesday: Backing England in style](https://blog.shorts.uk.com/football-shirt-wednesday-backing-england-in-style) [Understanding lifetime trusts: the basics](https://blog.shorts.uk.com/understanding-lifetime-trusts-the-basics) [Close company directors face new HMRC detail requirements in 2026](https://blog.shorts.uk.com/close-company-directors-face-new-hmrc-detail-requirements-in-2026) [Shorts advise Harris Irwin Architects on successful growth funding.](https://blog.shorts.uk.com/shorts-advise-harris-irwin-architects-on-successful-growth-funding) #### About Us Use this little footer to reinforce your message about who you are and why people love working with you. 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