October 8th, 20926.



R&D tax reliefs are still worth exploring if you're developing innovation in your sector.

- The main R&D tax relief schemes are now well established, but rates are lower for many businesses.

- Fewer businesses claiming does not necessarily mean less R&D is taking place, and businesses should not assume from the headlines that the relief is no longer worthwhile.

- For most companies, the merged scheme provides a 20% taxable R&D Expenditure Credit (RDEC), which can translate into around a 15% net benefit for many profitable businesses, depending on their circumstances.

- There is no statutory minimum level of R&D expenditure required to claim, but there is a practical question of whether the potential benefit justifies the cost and effort involved. As a broad guide, a business spending £50,000 or more on potentially qualifying R&D should consider having its position assessed.


There have been significant changes to the UK’s research and development (R&D) tax relief regime in recent years. The main R&D tax relief schemes are now well established, but rates are lower for many businesses. Additional reporting requirements introduced in recent years have also had time to bed in.

So, it is unsurprising that some businesses may be wondering whether R&D tax relief is still worth the effort of claiming. But as the dust settles, there is a more positive story to tell...

For the full story at growthbusiness.co.uk CLICK HERE.