{"id":233,"date":"2018-10-08T11:00:53","date_gmt":"2018-10-08T11:00:53","guid":{"rendered":"https:\/\/swoopfunding.com\/au\/?p=233"},"modified":"2024-03-27T14:10:52","modified_gmt":"2024-03-27T14:10:52","slug":"are-you-eligible-for-rd-tax-relief","status":"publish","type":"blog","link":"https:\/\/swoopfunding.com\/au\/blog\/are-you-eligible-for-rd-tax-relief\/","title":{"rendered":"Are you eligible for R&D tax relief?"},"content":{"rendered":"
R&D tax credits are a tax incentive from the U.K government, designed to encourage companies to invest in research and development. The scheme was introduced in 2000 and only Limited Companies qualify for R&D tax relief. This scheme can reduce your tax bill or you can claim payable cash credits as a proportion of your R&D expenditure. Claims must be submitted no later than two years after the end of the year in which the money was spent. Two thirds of the total amount claimed until now has come from companies registered in London, the South East or the East of England.<\/span><\/p>\n There are different types of R&D relief depending on the size of your company and whether the project has been subcontracted to you or not:<\/span><\/p>\n Small and medium sized enterprises (SME) R&D Relief<\/strong><\/p>\n You can claim SME R&D relief if you\u2019re an SME with:<\/span><\/p>\n SME R&D relief allows companies to:<\/span><\/p>\n Research and Development Expenditure Credit<\/strong><\/p>\n This replaces the relief previously available under the large company scheme.<\/span><\/p>\n Large companies can claim a Research and Development Expenditure Credit (RDEC) for working on R&D projects.<\/span><\/p>\n It can also be claimed by SMEs and large companies who\u2019ve been subcontracted to do R&D work by a large company. The RDEC is a tax credit for 12% of your qualifying R&D expenditure.<\/span><\/p>\n You must be able to demonstrate to HMRC that the product or service you\u2019re claiming for is truly innovative and an advance on what\u2019s currently available in the market. According to HMRC, R&D for tax purposes is a project which \u201cseeks to achieve an advance in science or technology\u201d. R&D is still deemed to have taken place whether or not the project goes on to be successful; it\u2019s the attempt that counts.<\/span><\/p>\n You should be able to explain how your project:<\/span><\/p>\n An often overlooked opportunity which qualifies as an example of \u2018using science and technology in a new way\u2019 is in the potential to claim for an investment in developing new I.T systems, so bare remember to bare this in mind if you\u2019re wondering whether or not you\u2019re be eligible. <\/span><\/p>\n If these conditions apply to your project, you may be eligible for R&D tax relief. You can claim this relief on day-to-day costs and expenditure, including components such as staff, subcontractors, materials, software and utilities.<\/span><\/p>\n If you think you might be eligible for R&D tax relief, contact us at <\/span>swoopfunding.com<\/span><\/a> and we\u2019ll help you with your claim.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" R&D tax credits are a tax incentive from the U.K government, designed to encourage companies to invest in research and development. The scheme was introduced in 2000 and only Limited Companies qualify for R&D tax relief. This scheme can reduce your tax bill or you can claim payable cash credits as a proportion of your […]<\/p>\n","protected":false},"author":14,"featured_media":3965,"comment_status":"closed","ping_status":"closed","template":"","category":[1359,1366],"acf":[],"featured_image_urls":{"full":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"thumbnail":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-150x150.jpg",150,150,true],"medium":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-300x200.jpg",300,200,true],"medium_large":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"large":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"1536x1536":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"2048x2048":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"image_blog":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-408x252.jpg",408,252,true],"image_podcast":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-397x298.jpg",397,298,true],"image_banking":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-30x20.jpg",30,20,true],"image_blog_internal":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-768x480.jpg",768,480,true],"image_blog_medium":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-768x500.jpg",768,500,true],"image_single_banking":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-80x53.jpg",80,53,true]},"post_excerpt_stackable":" R&D tax credits are a tax incentive from the U.K government, designed to encourage companies to invest in research and development. The scheme was introduced in 2000 and only Limited Companies qualify for R&D tax relief. This scheme can reduce your tax bill or you can claim payable cash credits as a proportion of your R&D expenditure. Claims must be submitted no later than two years after the end of the year in which the money was spent. Two thirds of the total amount claimed until now has come from companies registered in London, the South East or the East…<\/p>\n","category_list":"Funding resources<\/a>, R&D tax credits<\/a>","author_info":{"name":"fabiocalheirosuk","url":"https:\/\/swoopfunding.com\/au\/author\/fabiocalheirosuk\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"thumbnail":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-150x150.jpg",150,150,true],"medium":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-300x200.jpg",300,200,true],"medium_large":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"large":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"1536x1536":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"2048x2048":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1.jpg",768,512,false],"image_blog":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-408x252.jpg",408,252,true],"image_podcast":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-397x298.jpg",397,298,true],"image_banking":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-30x20.jpg",30,20,true],"image_blog_internal":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-768x480.jpg",768,480,true],"image_blog_medium":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-768x500.jpg",768,500,true],"image_single_banking":["https:\/\/swoopfunding.com\/au\/wp-content\/uploads\/sites\/4\/2018\/12\/budget-cash-coins-33692-768x512-1-80x53.jpg",80,53,true]},"post_excerpt_stackable_v2":" R&D tax credits are a tax incentive from the U.K government, designed to encourage companies to invest in research and development. The scheme was introduced in 2000 and only Limited Companies qualify for R&D tax relief. This scheme can reduce your tax bill or you can claim payable cash credits as a proportion of your R&D expenditure. Claims must be submitted no later than two years after the end of the year in which the money was spent. Two thirds of the total amount claimed until now has come from companies registered in London, the South East or the East…<\/p>\n","category_list_v2":"Funding resources<\/a>, R&D tax credits<\/a>","author_info_v2":{"name":"fabiocalheirosuk","url":"https:\/\/swoopfunding.com\/au\/author\/fabiocalheirosuk\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog\/233"}],"collection":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/comments?post=233"}],"version-history":[{"count":1,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog\/233\/revisions"}],"predecessor-version":[{"id":34248,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/blog\/233\/revisions\/34248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media\/3965"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/media?parent=233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swoopfunding.com\/au\/wp-json\/wp\/v2\/category?post=233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Different options for R&D relief<\/b><\/h4>\n
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Are you eligible for R&D tax credits?<\/b><\/h4>\n
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