If your business created or improved a product or service, then the R&D tax credits could be open to you and your business. A wide range of business products and services are covered by the R&D Tax Credit scheme. Do you get valuable R&D tax relief? With unrivalled experience in matters tax relief, Star is a phone call away. Under R&D Tax credits you get:
SME R&D Tax Relief
SME that carries out eligible R&D may be able to claim an R&D tax credit up to 33% of the costs paid or incurred by them. This can significantly reduce their marginal effective tax rate (METR). The benefits of research and development (R&D) tax relief combined with the Small and Medium-sized Enterprises Scheme can be a powerful combination when it comes to increasing productivity, growth, and performance of the business.
R&D Expenditure Credit (RDEC)
What is RDEC? The RDEC is a non-refundable tax credit that reduces the cost of eligible research and development (R&D) undertaken in the UK and will be beneficial when filing with the HMRC. It is generally a percentage of all cash payments received by an arm’s-length contract research organization (CRO) for carrying out qualifying R&D activities on behalf of a business. The R&D Expenditure Credit is available to help your business claim the cost of activities that use research and development (R&D) to create a new or improved product, process, service or technology.
Enquiry Support for R&D Claims
your R&D claims hit the right point? Does it drive home the right message? Take out an Enquiry Support and find out how you should elaborate on your R&D process or product development. With Enquiry Support for R&D claims, you get our dedicated teams of in-house specialists, ready to assist your business from claim preparation to recovery so you have one less thing to worry about.
RDEC Accelerator Service
These are government-licensed private investment funds and leading VCs that invest into high potential R&D startups, not only financially but also with various resources such as industry and marketing expertise. Under the RDEC model, accelerators work as a “pre-VC” which focuses on the technical, business, and financial development of startups.
