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News – 19.12.24
Buzzacott advises Rose Street Partners on its investment in Kenwood Damp Proofing PLC
Discover how Buzzacott supported Rose Street Partners on its investment in Kenwood Damp Proofing PLC … Read more
Insight – 18.12.24
Start-up guide: Everything you need to know about Tronc schemes to set your new hospitality business up for success
One challenge for new hospitality businesses is the management of tips and service charges. … Read more
Upcoming event – 16.01.25
VAT on Private School fees training
This in-depth, interactive training seminar is designed to provide school administrators, bursars, finance officers, accountants, and trustees with tailored support and expert insights on the practical implementation of VAT. … Read more
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130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
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Your company has fewer than 500 employees and not more than either €100 million turnover or €86 million balance-sheet.
Up to £26,970
Claimants spending £100,000 on R&D expenditure could receive up to £26,970. However, this benefit will vary based on your financial position. If you made a profit, you could receive £21,500 in the form of a tax reduction. However, if your company is loss-making, the benefit could vary from £18,600 up to £26,970, based on your company’s R&D intensity.
Up to £134,850
Claimants spending £500,000 on R&D expenditure could receive up to £134,850. However, this benefit will vary based on your financial position. If you made a profit, you could earn £107,500 in the form of a tax reduction. However, if your company is loss-making, the benefit could vary from £93,000 up to £134,850, based on your company’s R&D intensity.
Up to £269,700
Claimants spending £1,000,000 on R&D expenditure could receive up to £269,700. However, this benefit will vary based on your financial position. If you made a profit, you could receive £215,000 in the form of a tax reduction. However, if your company is loss-making, the benefit could vary from £186,000 up to £269,700, based on your company’s R&D intensity.
Your company has fewer than 500 employees and not more than either €100 million turnover or €86 million balance-sheet and has either received a subsidy or worked on behalf of another company.
Up to £15,00 benefit
Claimants spending £100,000 on R&D expenditure could receive up to £15,000 to either discharge corporate tax liabilities or obtain a cash credit. However, this will depend on the company’s tax liabilities.
Up to £75,000 benefit
Claimants spending £500,000 on R&D expenditure could receive up to £75,000 to either discharge corporate tax liabilities or obtain a cash credit. However, this will depend on the company’s tax liabilities.
Up to £150,000 benefit
Claimants spending £1,000,000 on R&D expenditure could receive up to £150,000 to either discharge corporate tax liabilities or obtain a cash credit. However, this will depend on the company’s tax liabilities.
Your company have more than 500 employees and more than either €100 million turnover or €86 million balance-sheet.
Up to £15,00 benefit
Claimants spending £100,000 on R&D expenditure could receive up to £15,000 to either discharge corporate tax liabilities or obtain a cash credit. However, this will depend on the company’s tax liabilities.
Up to £75,000 benefit
Claimants spending £500,000 on R&D expenditure could receive up to £75,000 to either discharge corporate tax liabilities or obtain a cash credit. However, this will depend on the company’s tax liabilities.
Up to £150,000 benefit
Claimants spending £1,000,000 on R&D expenditure could receive up to £150,000 to either discharge corporate tax liabilities or obtain a cash credit. However, this will depend on the company’s tax liabilities.
Claimants will have to be careful about how to calculate this benefit as it is affected by individual tax liability and R&D intensity. Our R&D calculator is not a substitute for professional advice, so get in touch with our R&D experts to receive an accurate estimate.
Our R&D tax credit specialists can help your business accurately calculate and claim R&D tax relief. We want to help you understand your eligible activities without holding you up, so you know how to build a robust R&D claim. We're here to fully support you with preparing and claiming R&D tax credits.
If you would like to speak to one of our R&D experts to receive a more accurate estimate of your benefit, please get in touch via the form below.
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