Cash Back Scheme For R&D Credit Expenditure (RDEC)!
Are you a large business obsessed with innovation but troubled about the dent it leaves on your finances? Research and development is indeed costly, but there’s a way out. Claim up to 13% of your R&D expenditure and save up on taxes while doing so too! Win-win!
What Is The RDEC Scheme?
If you are aware of the R&D Tax Credit scheme for SMEs, the RDEC scheme is simply a similar tax relief scheme for larger enterprises and some SMEs.
The R&D Expenditure Credit Scheme (RDEC) gives leverage to large companies to be able to claim cash credit back on R&D expenditure that qualifies for the assigned criteria.
Are you a large enterprise with more than 500 persons in your workforce? Or are you an SME that has been subcontracted work by a larger company, has received a grant for your R&D project or the project is receiving notifiable state aid
Then you might qualify for the RDEC scheme!
Embrace Unparalleled Tax Credit Possibilities
R&D is a massive sunk cost for any business, small or large.
With the RDEC and British Business Funding, you can now strike the right balance with value risk to develop a portfolio with high potential and realisable investments.
The R&D expenditure credit scheme gives you the chance to claim up to 13% of your qualifying R&D expenditure, regardless of whether your business makes a profit or loss. Here’s what you might be able to cover:
- Wages, salaries, pensions, and insurance of the staff working on the R&D project
- Consumable items like utilities and materials used
- Software
- Some subcontracted costs
Check what claims might your business be eligible for and apply today!
Align Your Taxes With The Bigger Picture
The RDEC isn’t just another means to an end. It is an intelligent tool that can help you align your tax policy with holistic objectives and policies for a bigger and long-term view of decision-making.
Devise company policies, implement new R&D guidelines, and promote innovation with a streamlined approach to tackling finance and IT while you do so.
Our team looks beyond the local industry to deeply analyse your mission and vision and create a tax policy that synergises your business processes and financing needs without compromising on either.
Align Your Taxes With The Bigger Picture
The RDEC isn’t just another means to an end. It is an intelligent tool that can help you align your tax policy with holistic objectives and policies for a bigger and long-term view of decision-making.
Devise company policies, implement new R&D guidelines, and promote innovation with a streamlined approach to tackling finance and IT while you do so.
Our team looks beyond the local industry to deeply analyse your mission and vision and create a tax policy that synergises your business processes and financing needs without compromising on either.
We’ve Got News And It’s GOOD!
Currently, the RDEC for large companies offers a benefit of up to 13% of qualifying expenditure. But the proportion is going up to a whopping 20%, almost doubled, from 1st April 2023.
Reduce your taxable income, reclaim expenditure costs, and decrease your tax burden while keeping your innovative streak as strong as ever.
It doesn’t get any better than this.
Ready To Claim Your RDEC?
Even if you have paid your corporate tax bill, there is no time to lose to mark your next tax savings. Claim tax relief for up to the previous two accounting periods and upcoming ones.
Your time starts now.
Fill out our contact form to get your free RDEC estimate within 24 hours!
Fill in our short contact form and we will be in touch to guide you through the next steps of claiming your RDEC and get you an estimate of how much you could claim!
