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

HMRC’s most recent ‘R&D Tax Credit Statistics’ show that the average claim for an SME is over £50,000.

All sectors can qualify for R&D tax relief. From software development to manufacturing. Rocket science to construction. Food and drink to engineering.

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

datumpin highly recommend Heydon Innovation for SME R&D Tax Relief services. They took the time to fully understand our business strategic plan and guide us through the taxation labyrinth resulting in an excellent tax relief application and a successful claim.
We especially value the advice on adjusting our time sheet records for future claims so that we have the management systems in place to maximise our research taxation benefits.
Heydon Innovation gained datumpin the cash equivalent of a new customer contract which has allowed us to invest in future intellectual property, building the long term value of our business.

Phil Chandler - Systems Engineer