Research & Development Tax Relief

What is the Research and Development (R&D) tax relief scheme?

Research and Development (R&D) tax relief in the United Kingdom is a government initiative designed to support and incentivise businesses that engage in innovative research and development activities. This program aims to boost economic growth, encourage technological advancement, and enhance the competitiveness of UK businesses.

Companies that invest in R&D can benefit from significant tax incentives, either through a reduction in their corporate tax liability or, in some cases, by receiving cash payments. These incentives are intended to help offset the costs associated with R&D projects, including employee salaries, materials, software, and other relevant expenses.

R&D tax relief is available to a wide range of industries and is not limited to traditional scientific research. It encompasses the development of new products, processes, or services, as well as the improvement of existing ones. Whether you're a startup, SME, or a larger corporation, you may be eligible to claim R&D tax relief.

To make the most of these incentives, it's crucial to maintain detailed records of your R&D projects and associated expenses. The program is regulated and overseen by HM Revenue and Customs (HMRC), which sets the criteria and guidelines for eligibility.

By leveraging R&D tax relief, your business can reduce its tax burden, freeing up resources for further innovation and growth. This initiative not only benefits your company but also contributes to the UK's technological progress and economic prosperity.

At Acute Business Advisory we pride ourselves in providing honest, expect advice. Book a free, no obligation consultation meeting today and we can explore your eligibility.


Why choose Acute Business Advisory?

We pride ourselves in the quality of our work and the positive impact we can have on your business. 

  • Confidence in our work - we will repay our fees in full if a claim is unsuccessful

  • Members of the R&D Community

  • Trusted partners of Accountancy firms

  • We offer all of our clients a proactive, consultative approach to improve the quality of their claims

  • Dedicated Business Development Manager to help your business maximise your claim and help to grow your business

  • Full Technical Report submitted alongside the required Additional Information Form to help substantiate your claim

  • No contracts

  • Full claim management including ownership over communication with HMRC

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R&D Successful outcome thanks to Fabien.

Fabien guided us through the process with ease and confidence, the R&D consultation and outcome were very beneficial to our company and we thank Fabien for his advice and contact. We would highly recommend any Ltd company to speak with them, you have nothing to lose, just gain.

 

 

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Helen
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We wish we had heard of Acute Business Advisory sooner!

I'm so glad that we answered Acute Business Advisory's phone call back in April 2023; since then we filled 3 R&D claims and successfully received tax relief on all. I had prior knowledge of the scheme via a different sector I worked in, but I never thought our joinery business would be eligible. Billie at ABA was very knowledge and friendly, she clearly explained the parameters and it became clear we had a very strong case, and have probably been producing R&D eligible work for decades. I would highly recommend Acute Business Advisory and only wish they had reached out to us sooner!

 

 

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Kate
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Fantastic service. Having dealt with R&D advisors previously we'd had terrible experiences.

Acute are in a totally different league.

Billie was a pleasure to deal with and we look forward to a continued relationship in the future.

 

 

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John

Guide to Research and Development

Looking to maximise your business's financial potential? Our comprehensive guide to Research and Development Tax Credits is here to help. Packed with valuable insights and actionable tips, this guide will equip you with the knowledge and strategies necessary to identify and claim R&D tax credits for your business. Our expert team of tax specialists has distilled years of experience and expertise into an easy-to-read format that is accessible to both seasoned business owners and newcomers alike. Download our guide today and take the first step towards a brighter financial future for your business.

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Working with Acute Business Advisory

Consultative Approach

At Acute Business Advisory, we take a highly consultative approach when working with our clients. We believe that the best outcomes are achieved through a collaborative and tailored approach, which is why we invest the time to understand our clients' unique needs, goals and challenges. Our advisors work closely with clients to gain a deep understanding of their business, and then provide customised, actionable recommendations based on that understanding. Our goal is to not only provide expert advice, but also to empower clients with the knowledge and tools they need to make informed decisions and drive business growth. Our consultative approach is designed to ensure that our clients feel heard, understood, and supported every step of the way. If you're looking for a partner who truly cares about your success, Acute Business Advisory is here to help.

Team of Experts

At Acute Business Advisory, we are proud to have a team of experts with a wealth of experience and knowledge. Our advisors come from diverse backgrounds and bring a wealth of expertise to the table, allowing us to provide tailored, comprehensive advice to our clients. Whether you need support in finance, require advice on your exit options or want to explore tax efficient trusts, we have an expert on our team who can help. Our advisors stay current on the latest industry trends and best practices, ensuring that our clients always receive the most up-to-date, relevant advice. We are committed to providing our clients with the highest level of service, and our team of experts is at the forefront of this effort. With Acute Business Advisory, you can trust that you're working with a team of experts who are dedicated to your success.

Network of Professionals

Acute Business Advisory has a robust network of professionals that we leverage to support our clients in many different ways. Not only do we host networking events to bring our clients and industry leaders together, but we also tap into our network to provide our clients with access to a wide range of specialised services. This enables us to offer a one-stop-shop solution for all of our clients' needs, no matter how complex or niche. Our network is made up of trusted professionals who share our commitment to delivering high-quality, personalised service. By working with our network, we can provide our clients with the support and resources they need to achieve their goals, whether that means connecting them with new partners, finding specialised services, or providing access to capital. With Acute Business Advisory, you can trust that you're part of a wider community of professionals who are dedicated to your success.



Understanding the Eligibility Requirements for UK Research and Development Tax Credits

Looking to claim Research and Development (R&D) tax credits in the UK? Check out our latest blog that explains the eligibility requirements you need to meet to claim this valuable form of tax relief. From company size to R&D activity, expenditure, and supporting documentation, we break down everything you need to know to successfully claim R&D tax credits.