Where businesses undertake qualifying expenditure on Research and Development (R&D), they can claim a tax credit under the R&D Expenditure Credit (RDEC) scheme.

For R&D-intensive SMEs (spending at least 30 per cent of total costs on R&D), this can result in a cash repayment of up to £14.50 per £100 of qualifying R&D spend. Other businesses, including non-R&D-intensive SMEs, can typically claim a cash repayment of £10 per £100 of R&D expenditure.

Why not speak to one of our friendly tax team to establish whether the work you are undertaking would qualify for Research and Development relief with our experience we can help you to identify qualifying expenditure.