R&D Tax Relief

Government Support For R&D Businesses

Asena supports businesses with a strong R&D focus through the R&D Tax Relief Scheme offered by the UK Government. As an established R&D Tax Consultant, we are able to offer specialist guidance on applying for R&D Tax Relief to help unlock additional cash for funding R&D / innovation and ease overall cash flow pressures on the business.

Maximise R&D Funding & Opportunities

Scheme Benefits

Profit making businesses can claim R&D tax relief to reduce the company’s corporation tax bill. Loss-making firms can receive tax credit or repayable R&D expenditure credits to improve cash flow position or provide additional funds to reinvest in the company.

Total Claims
48,635

of which
42,075
are SME

£4.3bn
of R&D tax relief support has been claimed

With impacts of COVID-19 businesses need to find viable funding streams or tax relief schemes to maintain or even accelerate research and development activities. We have a 100% success rate for R&D tax relief claims, so how can Asena help your business?

Call or email us today to discuss your requirements and eligibility. Recommend other eligible businesses to Asena and mutually benefit from our referral programme.

R&D Tax Relief

In 2000, the UK Government / HMRC introduced a scheme encouraging scientific and technological innovation allowing companies to claim R&D Tax Credits (or R&D Tax Relief Refunds) in the form of a cash payment or tax deduction for eligible firms investing in developing products, processes or services. Many businesses are unaware of the scheme, which has been operating for more than 20 years. Asena can therefore help companies benefit from the full extent of the scheme and claim back associated R&D costs.

Eligibility & Submitting Maximum R&D Claims

At the outset businesses might be unsure whether R&D projects are feasible or even possible to achieve the desired outcome. This could be down to resolving technological uncertainties or undertaking qualifying R&D investigations. Not all R&D projects are successful so we can help businesses navigate through these issues to ensure eligibility and submit a maximum R&D claim.

Full Details & Eligibility Criteria

Any company across any sector that:

Your first claim can potentially go back two tax years.

HMRC’s definition for R&D enables the opportunity for any type of industry to potentially qualify for R&D relief. To qualify:

A company must be carrying out R&D work in the field of science or technology in areas such as creating new processes, products or services, making appreciable improvements to existing ones.

or

A company is using science and technology to duplicate existing processes, products and services in a new way.

Should this work advance the overall knowledge or capability in a field of science or technology, the projects and activities that help resolve scientific or technological uncertainties, may qualify for R&D relief.

It will depend on whether your company is considered to be a SME or large company:

SME Scheme

SME R&D Tax Credit Scheme

Large Company Scheme

Research and Development Expenditure Credit (RDEC)

	Tax Incentive:
Type of company:	SME R&D tax credit scheme	RDEC
SME	Yes	Yes – sometimes
Large company	No	Yes

Once you determine what scheme you company falls into and that you meet the R&D criteria for your projects and activities and have identified your R&D costs, the following outlines the potential R&D benefits.

SME Scheme

Profit-making: 130% uplift is applied to R&D costs = a tax reduction of £26 for each £100 spent on R&D
Loss-making: potential cash payment of £33 for each £100 of R&D spend
Claims can go back two years
Average claim made by SMEs in the UK is c. £54,000