JJMK Consultants

Research & Development Tax

Research & Development Tax Relief

Have you made an R&D Tax Claim, or are you interested in finding out if you are eligible?

Contact our team today.

What Is R&D Tax Relief?

In 2000, the UK government opted to follow many countries by introducing a Tax Relief scheme for Research & Development activities. The Governments goal has been to drive innovation within the UK and offer a cash injection to support the growth and development of companies of all shapes and industries. 

Eligibility for tax relief has been split into two schemes, one for Small & Medium Enterprises, the other for Large companies. For either scheme, a business must be structured as a Limited business and eligible for Corporation Tax. 

For an R&D submission, business then have to showcase how they have made a scientific advancement or overcome a technological uncertainty. That's where JJMK come in! Taking a deep dive into your innovation projects and producing a technical narrative to evidence the costs and work that was involved. Our process simplifies the journey for our clients, streamlining an otherwise laborious process. 

Over 59,000 claims submitted annually
50,000 claims are from SME businesses
UK Companies On Average Receive £57,000
Over £5.3 billion is received annually for UK companies
What Costs can be included? 
Staffing Costs

This includes all expenses associated to the R&D project such as; Salaries, Tax/NI, Bonuses, Pension, Travel Expenses

Software Licences

If you paid for licences to assist your R&D project, then we can include the costs associated. We need to understand, to what level the software was used to determine the qualifying costs

Utility Costs

Utilities costs can be included while undertaking elements of your R&D project. This includes water, fuel and power.

Externally Provided Workers

Any agency/Temporary workers costs can be included within your submission. Like staff the costs will be based on their involvement with the R&D project. 

Sub-Contractor Costs 

Outsourced work that is part of your R&D project can be included within submissions. Usually it is only SME businesses that can include these costs. 

Material Costs

Materials that are used within the R&D project can be included within submission. We will also look to discuss any trials that you have undertaken. 

What Activities Can Qualify?

New Material Development
Improving yields
Automation of processes
Adaption to existing machinery
Undertaking trials
Reducing Costs
Advancing functionality
Developing Prototypes
Bespoke reporting systems
Adapting to regulations
Improving Quality
Innovative recipe creation
Calculate your entitlement
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