Research & Development

Research & Development

Research and Development (R&D) is no longer limited to the scientific industry. Many of our clients across all sectors are now undertaking research and development projects, and often doing so without considering what tax reliefs or planning opportunities arise out of this. We have recently assisted clients with R&D interests in such diverse fields as ConstructionAgriculture, and Hospitality.

What are R&D tax credits?

Research and Development tax relief support companies that are innovative within their sector. They must prove that the work they are undertaking is industry-leading. The relief can be claimed for successful and unsuccessful projects.

R&D projects may create a new process, product or service or improve an existing one.

How significant are the tax credits?

Depending on the size of your business and the investment you have made in the project, you may be able to claim up to 33p for every £1 spent on qualifying R&D work. Several costs can be claimed within the R&D tax credit including but not limited to, staff costs, subcontractors, freelancers, materials, consumables and some types of software.

For expenditure on or after 1 April 2023, there will be a cut in the R&D tax relief to 86% from 130%

R&D tax credits can be claimed for up to two years before your current accounting period.

Are you eligible for R&D tax credits?

The scope for R&D tax credits is vast, a great variety of projects across all industries can qualify for the relief.

  • You must be a UK registered limited company
  • You must be undertaking R&D related activities

If you are undertaking this type of work and are not a limited company, we can help you restructure to benefit from this tax relief.

UK companies can claim R&D tax credits for a specific project that improves the science or technology used within their specific industry. No matter the size of your business or whether your project was successful, you could qualify for R&D.

How do we help with R&D tax credits?

Our tax planning team work to get to know all aspects of your business, this allows us to identify work you are undertaking which may be eligible for R&D tax credits. If a project does qualify, we will help you to gather the necessary evidence, compile your investment costs and submit a claim to HMRC on your behalf.

R&D Experts

Experts in Research & Development

Victoria Ivinson

Victoria Ivinson is a Director at DH&Co. She joined the firm in 2007, is the Head of Advisory and oversees the tax planning work for the firm.

Before starting work, Victoria studied at the University of Newcastle-upon-Tyne where she gained a degree in Accounting and Finance; once completed she became a qualified Chartered Accountant.

Victoria specialises in Agricultural and Equine Clients due to having a background and interest in both. She is also an expert in all areas of tax including IHT, CGT, Research & Development and Capital Allowances.

“When we first met with the team at Douglas Home & Company, they very quickly identified an opportunity for us to claim R&D tax credits through the unique work we have been doing. We had never received advice of this kind from our accountants in the past, so we were pleased that they were quickly able to advise us on how to be more efficient and potentially save money.”

– David Cunningham

Dods of Haddington

R&D Tax Tip

It doesn’t matter if your project was successful or not, you can still claim R&D tax relief as long as you can show your work to be industry leading. Our team of experts can help ensure you tick all the right boxes to make a successful claim.

R&D Insights

Latest R&D Insights

  • Farmers and rural business owners could be missing out on a fortune in tax breaks simply because they don’t realise their work qualifies as innovative......

  • Selcoth Fisheries are a family-run business located in the Moffat Valley. The Routledge family has fully embraced farm diversification and business streams include sheep farming,......

Contact an R&D Expert

Meeting All Your Accountancy Needs

As well as Research & Development support, we also offer a range of other Tax Planning to meet your Accountancy needs:

Local support

With offices located across Scotland and North England, we can meet where it is most convenient for you

Industry expertise

Our specialists have knowledge spanning many different sectors including agriculture, property, hospitality and medical businesses

Director led

Our highly experienced directors are involved at all levels of the business, making sure you are getting the best service possible

Forward thinking

We take a modern and fresh approach, helping businesses think outside the box and secure exciting opportunities

Making it personal

We work as an extension to your business, getting to know your unique needs

Helping you grow

We are business development specialists, helping your business to go further

R&D Experts Throughout Scotland and North England

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