Research and Development Tax Relief

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Research and Development Tax Relief

R&D Tax Relief can provide innovative businesses with additional funds for investment, but it’s essential to understand the rules and regulations surrounding the government incentive. That’s where the expertise of Page Kirk can prove invaluable.

If you run a growing business and are looking to make further investment, you may not be aware of the significant tax savings you can make. Last year, over 76,000 SMEs were awarded nearly £4.4bn in tax relief. It’s definitely worth finding out if your company is eligible.


What are R&D tax credits?

Research and Development (R&D) tax credits are a government incentive, designed to encourage and reward companies in the UK for investing in innovation on the products and services they offer. This can be an extremely valuable source of cash or tax relief for the business to consider investing and accelerating their R&D, hiring new staff and ultimately growing the business. R&D tax relief is one of the UK government's top incentives for encouraging investment in research and development and allows up to 33.35% of a company's R&D spend to be recovered either as a reduction in corporation tax or a cash repayment.

The total number of R&D tax credit claims paid out last year amounted to £7.4 billion.

Get rewarded for innovation

SMEs (Small and Medium Sized Enterprises) can claim an additional 130% of tax relief on any qualifying R&D spend in their annual tax return. Not only does this help small businesses to significantly bring down their corporation tax bill, but it also helps businesses to continue to invest in their growth.

Who is eligible for R&D tax relief?

All companies in the UK are eligible for R&D tax relief, but they are required to meet certain requirements to qualify. They must be a UK company subject to corporation tax and have undertaken qualifying research and development activities in the creation of new products or services or the modification of an existing product or service.

What costs qualify for R&D tax relief?

There are various costs that can be reclaimed under the scheme including:

  • Salaries, pensions and employers national insurance
  • Investment in software solutions
  • Costs for third parties (freelancers and subcontractors)
  • Materials and consumables for the project

Our Research and Development Accountancy services:

R&D Investment Advice from Chartered Tax Advisers
Got an idea that needs professional financial appraisal? We’ve supported many innovative companies with business plans, financial appraisal and cashflow forecasting before the launch of their ideas. Receiving advice from chartered accountants and chartered tax advisers gives you insights to make calculated research and development investment decisions.

R&D Tax Relief
Our team are experts on what is and isn’t suitable for R&D Tax Relief, as well as devising strategies for overcoming the obstacles and bureaucratic procedures associated with claiming tax relief.

Profit-making businesses can claim up to 24.7p for every £1 spent. Loss-making businesses can claim up to 33.35p for every £1 spent.

Ready to invest in your big idea? Contact a member of our team of Nottingham R&D Accountants to see how much R&D Tax Relief you may be able to claim by calling us on 0115 955 5500 or emailing for a no-obligation chat.

Chartered Tax Advisers

You’ll only get the best possible tax service from tax advisers who have passed the ATT (Association of Tax Technicians) and CTA (Chartered Tax Advisor) accreditations. At Page Kirk, we have a dedicated tax team separate to our accounting team. This ensures that your tax strategies are being managed by professionals with the latest training.

Patent Box

There are various costs that can be reclaimed under the scheme including:

The Patent Box scheme was introduced by HMRC in 2013 to provide a 10% tax relief for corporation tax rates, available for UK companies with patent rights or an exclusive license. The aim of the scheme is to encourage companies to locate high-value activities associated with the exploitation of patents in the UK through enhancing the competitiveness of the UK tax system for high-tech companies obtaining profits from patents.

A company must be subject to UK Corporation Tax to be eligible and must have made a significant contribution to the development of a patented invention, or a product incorporating the invention. This is a complex process and we’re here to help. Contact our team of tax experts to discuss how your organisation can benefit from the Patent Box tax relief scheme.

Why work with Page Kirk?

The processes for assessing and reporting when claiming R&D tax relief can be complicated and time-consuming, but Page Kirk can complete all the necessary work on your behalf and be your dedicated point of contact for all enquiries. We can ensure that you are working in the most efficient way possible, with an ongoing proactive working approach to improving your business.

At Page Kirk, our chartered accountants and tax advisers can provide you with all the advice you need, taking the hassle out of your obligations so that you can focus on running your business.

  • A dedicated tax department with a wealth of experience and expertise
  • Tax consultants who are Chartered Tax Advisers, ensuring sound and up to date advice
  • Single point of contact so you aren’t being passed pillar to post
  • Reliable, professional, tailored and personal service
  • Digital expertise to deliver efficiencies through advanced technology solutions
  • Nottingham-based tax advisers with national and international reach

What’s next?

Arrange a consultation to find out how we can help you. Call us today on 0115 955 5500 or email

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If you already have an accountant, it’s quick and easy to switch to Page Kirk.

Page Kirk is a leading accountancy practice in Nottingham, but we service clients across the country, so wherever you are based, we can help. We will assign you an accountant to assist you in growing your business and improving its efficiency. Contact us to find out how we can help you today.

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From ensuring that you comply with your statutory requirements, to navigating the scaling-up of your business, through to effective profit extraction and dealing with your tax affairs, Page Kirk Nottingham accountants are here for you every step of the way.