R&D Tax Credit Calculator
Easily Calculate How Much You May Be Due
Here you can use our R&D tax credit calculator to estimate how much money we may be able to claim back from HMRC as research and development.
Determine roughly how much money your company spends on improving products or services you can include things like staff and consumable items (materials, electricity, component parts or anything that has added cost to your overall project.
Next use the slider to see how much money your company could claim back from the scheme.
Let Us Find Out If You Are Eligible, Why Not Give Us A Call?
Let us take a look at your companies activities and we can decide whether you are eligible.
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We Take Care Of The Whole Process
Although our R&D tax credit calculator gives you ability to see how much you may be able to claim it certainly does not see the finer detail of the accounts. Our highly trained specialist tax advisors scrutinise every inch of the case and provide a meaningful report to HMRC making sure that every part is compliant.
Examples Of R&D Maths
Profit-making SME with £50,000 innovation spend:
£50,000 x 130% Expenditure Enhancement = £65,000
£65,000 (Enhanced Expenditure Value) x 19% Corporation Tax = £12,350
Loss-making SME with £50,000 innovation spend:
£50,000 x 230% Expenditure Enhancement = £115,000
£115,000 (Enhanced Expenditure Value) x 14.5% R&D Surrender Rate = £16,675