What's stat?

If you've been following our newsletter series, then you'll already know that R&D Tax Credits were introduced by HMRC in 2000 to encourage companies in the UK to undertake more projects which can advance knowledge in science and technology.  You'll also know that R&D Tax Credits were designed to boost and reward innovation (you clever people). So if you are undertaking R&D…you could be eligible to claim.

As you can see, since the end of the financial year 2014/15:

Claims from SME'S have increased from 16,005 to 18,630.  This of course shows more companies are receiving what they're entitled to.

The SME R&D Tax Credit scheme is almost as big as the large company scheme (the large co. scheme is £1.1bn)....which shows it's not just those well established companies who can claim.

The average R&D Tax Credit claim from an SME is......

£53,675

So if you're not claiming, why not?  Just think of how much you could be receiving!

We’ve racked our brains and can only think that thousands of businesses are missing out because of lack of awareness or fears of a catch or difficulty in applying or even under-estimating what they could potentially claim.  That’s why we've put together our R&D Tax Credit Calculator.

By providing just 5 figures, you can be on your way and will have a more informed idea of what you’re entitled to.

Try it for yourself and let us know how much you could claim.

You can claim for the current tax year and the 2 previous financial years.

So what are you waiting for? Try our R&D Tax Calculator today.

Get in touch and see how TBAT can help maximise your return. It's free and impartial and you have nothing to lose.