R&D & Innovation Reliefs
Turn your investment in innovation into significant tax savings.
We advise on R&D tax credits, the Patent Box regime, and other innovation-related incentives. Our team prepares robust, defensible claims and works with you to identify qualifying activities across your business, maximising the cash benefit of your innovation investment.
Service Highlights
What You Need to Know
Since April 2024, the old SME R&D scheme and RDEC have merged into a single above-the-line credit worth 20% of qualifying expenditure, delivering a net benefit of approximately 15-16% after tax for most companies. R&D-intensive loss-making SMEs spending at least 30% of their total costs on qualifying R&D can access the more generous Enhanced R&D Intensive Support scheme. Many businesses under-claim because they underestimate what qualifies as R&D under HMRC guidelines, or over-claim and invite costly enquiries. Where patents are involved, we pair R&D claims with Patent Box planning to apply a 10% effective corporation tax rate to profits from qualifying intellectual property.
What We Provide
R&D Tax Credits
Preparation of robust R&D claims, identifying qualifying projects and expenditure to maximise the cash credit or tax reduction available.
Patent Box
Advising on the Patent Box regime to apply a 10% effective corporation tax rate to profits attributable to qualifying patents.
RDEC
Managing Research & Development Expenditure Credit claims for large companies and SMEs with grant funding or contracted R&D.
Compliance & Defence
Preparing detailed technical and financial reports to support claims and respond robustly to any HMRC enquiries.
Why Choose Bespoke Tax
We provide a unique combination of international expertise and global presence.
Expert Team
Dedicated specialists with deep knowledge of international tax regulations and compliance requirements.
Proven Results
Track record of delivering significant tax savings and compliance improvements for our clients.
Risk Mitigation
Proactive approach to identifying and mitigating tax risks before they become costly problems.
Ready to Optimize Your Tax Strategy?
Speak with our tax experts to discuss your specific r&d & innovation reliefs needs. We provide clear, actionable advice tailored to your goals.
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