R&D Tax Credits

Although Research and Development (R&D) tax credits have been around for some time now, the reliefs given by the government have become increasingly generous and the scope around what actually counts as R&D has widened.

With this in mind, we have set up a specialist division that deals solely with R&D.

What are R&D tax credits? 

Broadly, this is an extra allowance that can equate up to 33p in the £. It can be cash back for a company or a reduction in corporation tax. The government is keen to give this money to qualifying companies and regularly remind us that for the majority of businesses, they should be claiming but are not.

What is R&D?

R&D has a very wide meaning and is not just for scientific invention expenditure. It can be for almost any business (as long as they are a limited company). To qualify, we need: 1) A problem 2) Thought given into finding a solution 3) Uncertainty as to whether the solution will work 4) The solutions (whether successful or not) were innovative, i.e. were not readily available to an average person in your business.

Take these simple analogies:

“if the owner of the business identifies a problem and comes up with a solution, then there could well be a valid claim”

” It’s about looking at something people have been doing for years and asking how it can be done better”

“It’s for thinking outside the box”

Our process

Starts with a visit/telephone/skype conversation to understand your business and to ascertain R&D work – there will usually be several conversations as the draft claim progresses.

Accounts from your own accountant for the past 2 years and a copy of the corporation tax returns they prepared (where we don’t already act for you).

We prepare a report for HMRC on the R&D together with costings and tax claims.

A wait of about 8 weeks on average.

Once agreed, you will then receive your cheque.

And we will invoice our agreed percentage.

Some examples: 

Improvements to a factory production line for a manufacturer

Construction problems overcome by a developer or builder

Bespoke Software systems introduced (for just about any business)

Inventions – obviously!

Most web development businesses.



Brewers – e.g.creating new beers

Food business, Restaurants – creating new recipes/ingredients for products

The list is endless

According to latest government stats., less than 10% of eligible businesses have claimed the relief.

We offer a no win no fee basis of 20% of what we save you. We have a 100% success rate with our claims.  If there is no claim, we won’t submit one. We have a specialist division dealing with all claims with dedicated staff, both in tax and commercial experience to identify your possible claims.

Why hasn’t my Accountant told me of this? Your Accountant is very probably not a specialist in R&D and therefore will probably think that you are not entitled to your claim – well they are probably wrong.

Latest claims we have made:

£206,000 for an Electrical Contractor

£125,000 for a Construction company

£65,000 for a Developer

£15,000 for a Plumber

£15,000 for an Equine business

£17,500 for a Joinery shop

£6,000 for a Micro Brewer

£17,000 for a children’s Nursery

£42,000 for a Plumbing and Electrical Contractor

£19,000 for a Developer

£55,000 for a training company

£14,000 for a Fire Defence systems company

£3,500 for a Solar company

£12,500 for a Brewery Conversion

£17,000 for a Veterinary consultancy

Check out our video here


  • Choosing an accountant to handle your finances is a daunting task so I was so pleased I made the right choice in choosing “The Tax Shop” Since starting my business in 2008 Matthew has done a first rate job of compiling my yearly tax returns and advising me of the most affective way to save me money. He has always been available to give sound financial advice in an easy to understand manor. I would have no hesitation in recommend “The Tax Shop” to anyone that is looking for first class service at an excellent price.
    Richard Kennedy, Folkestone Stamps, Hythe, Kent
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    Trevor McLellan McLellan, Construction Ltd Folkestone, Kent