R&D Tax Relief and R&D Tax Credit Specialists
We assist businesses in claiming R&D tax incentives in the form of R&D tax relief or R&D tax credit, depending on which one the business qualifies for.
Generally, R&D tax relief is granted to profit-making businesses and R&D tax credits, to loss-making businesses -- as long as all other criteria for R&D tax incentives are met.
As your trusted R&D tax relief or R&D tax credit specialists, Moorcroft is here to make the process as seamless as can be!
What is R&D Tax Credit or R&D Tax Relief?
R&D tax relief and R&D tax credit are tax incentives provided by HMRC for businesses that engage in research and development activities that aim to ‘overcome a scientific or technological uncertainty’. (GOV.UK)
Businesses may be eligible for R&D tax incentives for innovation projects that involve creating or improving products, services, processes, or systems.
Businesses That Are Qualified to Get R&D Tax Relief
Businesses from various sectors can make an R&D tax relief claim – as long as these the following conditions are met:
The Innovation Project Expenditure Qualifies
The Business Qualifies for R&D Tax Relief
If any of the following describes your innovation project or undertaking, your business may qualify for R&D tax relief:
Businesses can make a claim if they are a/an:
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Overcomes technological or scientific uncertainty.
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Seeks an advance in science or technology
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Develops new systems, processes, or products.
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Adapts standard technology for new uses.
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Utilizes research, testing, and analysis.
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Employs qualified experts in the field of science or technology.
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Businesses in architecture, engineering, agriculture, manufacturing, software development, and other sectors.
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An SME or larger business (different R&D tax incentive schemes apply)
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Profit-making or loss-making businesses
R&D Tax Relief
Moorcroft: Your Trusted R&D Tax Relief Specialist
As your trusted R&D tax relief or R&D tax credit specialist, Moorcroft is here to guide you through every step. We can assess if your innovation project qualifies for R&D tax relief and assist with your claim strategy, documentation, and compliance.
With our experience and expertise, your business will have the best chance of being approved – and the journey is as hassle-free as can be.
