The R&D Tax Credit Calculator below will provide an estimate on what you might receive from HMRC through a successful claim. The figures below are only an estimation and for an accurate figure please do give us a call.
This calculation is based on rates and allowances in the current tax period.
Min: £ - Max £
A range of values is given as relief may be received either by offsetting a current corporation tax liability or surrendering losses, at a lower rate, for a payment from HMRC.
Typically, a profit making company will elect to offset and therefore receive benefit at the higher rate.
Loss making companies are able to surrender at the lower rate but should give full consideration to cashflow and forecast performance in later periods before deciding how best to use the available R&D relief.
This calculation is based on rates and allowances in the current tax period. The relief calculated above represents the gross RDEC (Research and Development Enhanced Credit). As ‘Other Income’ this is taxable. It is also subject to a further calculation to determine what may be used to offset profits in the current or other periods, discharge other liabilities to HMRC, group relieved or be received as a credit from HMRC.
For simplicity, the calculation has been restricted to salaries. There are, however, a number of other allowable classes of expenditure that may be included in a more thorough calculation. These include Employer NIC, pensions and qualifying indirect costs.