THE RDEC SCHEME FOR LARGE COMPANIES

Under this scheme, an eligible company can claim a tax credit which is equivalent to 13% (20% from 1 April 2023) of its qualifying R&D expenditure.

It is an ‘above the line’ credit which is visible in the accounts and taxable. The tax credit is then deducted from the company’s corporation tax liability, or, paid as a cash payment from HMRC.

What is it worth?

Companies claiming under the RDEC scheme can expect to see an effective benefit of approximately 10.5% (i.e. 10.5p for every £1 of qualifying R&D expenditure).

From 1 April 2023, for a company paying corporation tax at 25%, the effective benefit will significantly increase to 15%.

This benefit remains the same whether the company is profit or loss making.

The SME Scheme The RDEC scheme for large companies

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R&D Tax Relief

A generous tax relief opportunity for innovative and forward thinking companies, creating considerable benefits for shareholders and Directors.

Already Claiming?

The approach taken by advisers differs significantly. This affects the size and accuracy of a claim, along with the time investment required from you.

About Us

We are not what you would expect from 'typical' accountants or tax advisers. Our approach is to keep our ways of working flexible, to fit around our clients.

Heydon Insights

Choosing the right adviser will ensure that your claim is maximised and robust. Your adviser should be doing the time-consuming leg work, not you!

If you are already claiming, we are happy to review your most recent claim for free. We may be able to increase the value of the claim, make the process easier for you, or improve the methodology to make the claim more robust.

Your company does not need to be profit making to make an R&D claim. Loss-making SMEs receive a cash payment from HMRC.

An excellent service, making the whole process very straightforward. We recommend and will use again.

Mike Waite - Managing Director at Agua DB