How much is my R&D tax credit claim worth?
SMEs can claim up to 33p for every £1 spent on qualifying R&D activities. According to the latest research and development (R&D) Tax Credits Statistics Report (2021 – 2022), the average SME claim stands at £60,602.
Large companies can claim up to 20p* for every £1 spent on qualifying R&D activities. According to the latest research and development (R&D) Tax Credits Statistics Report (2021 – 2022), the average RDEC claim stands at £251,912.
Calculate R&D Tax Credit
The most effective way to determine how much your company is entitled to is to speak to one of our experienced advisors. However, our R&D tax credit calculator will provide you with a rough guide on how much your R&D tax credit claim could be worth.
Just remember that the R&D tax credit calculator will never be as accurate as specialist advice from a member of our team. It’s great to give an outline of what you may receive, but is likely to over or underestimate your claim.
*The below calculator is relevant for the SME and RDEC reliefs only.
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What is your Estimated Annual Spend on R&D Activities?
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Your Estimated Tax Credit Total
SMEs will need to claim as a large company under particular circumstances, for example, if they have been subcontracted to complete research and development work by a large company or they have received a certain government grant. LimestoneGrey will be able to clearly identify your company’s position, ensuring that your business is claiming the correct relief.
*Unlike SME relief, RDEC is taxable income, up to 20p for every £1 relates to the amount before the deduction of tax.
Want to Discover the Real Value of your R&D Tax Credit Claim?
While our R&D tax credit calculator might be a good indicator, it will never be as accurate as specialist advice from a member of our team. It’s great to give an outline of what you may receive, but it is likely to over or underestimate your claim.
‘Why not book an appointment with one of our team to uncover the full value of your R&D tax credit claim?
