R&D Tax Accountants

R&D Tax Credit Specialists

We work out which scheme applies to your accounting period, cost the claim, write the technical narrative, file the forms HMRC now requires, and stay with the claim if it is opened for a compliance check.

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Which Scheme Applies to Your Accounting Period

SchemeAccounting periodsHeadline rate
Merged R&D expenditure creditBeginning on or after 1 April 2024. Open to SMEs and large companies alike.20% credit
Enhanced R&D Intensive SupportBeginning on or after 1 April 2024. Loss-making SMEs whose relevant R&D is at least 30% of total expenditure.86% deduction, 14.5% credit
SME R&D tax reliefBeginning before 1 April 2024. Payable credit rises to 14.5% where the intensity condition is met.86% deduction, 10% credit
R&D expenditure creditBeginning before 1 April 2024. The rate was 13% from 1 April 2020 and 12% from 1 January 2018.20% from 1 April 2023

Rates and commencement dates from HMRC guidance on the merged scheme and enhanced R&D intensive support and on working out your R&D tax relief.

R&D tax relief pays companies back for the work they did solving technical problems that had no off-the-shelf answer. The relief is generous and the rules around claiming it have tightened every year since 2023. Two new forms now sit in front of the claim, the schemes merged for accounting periods beginning on or after 1 April 2024, and HMRC opens far more compliance checks than it used to.

That is the whole job: getting the scheme right for the period, costing it accurately, describing the technical advance in terms an HMRC inspector will accept, and being there if the claim is queried. We do that work under Tidy Money Ltd, an ACCA firm, and the fee is agreed in writing before anything starts.

What a Claim Involves

Every claim starts with the accounting period, because the period decides the scheme. Periods beginning on or after 1 April 2024 fall under the merged R&D expenditure credit, or under Enhanced R&D Intensive Support if the company is a loss-making SME spending at least 30% of its total expenditure on R&D. Earlier periods still run on the old SME scheme or on RDEC.

Then the costing. Staff time, externally provided workers, subcontractors, consumables, software, data and cloud computing all qualify on their own terms, and payments to unconnected subcontractors and externally provided workers are restricted to 65%. Getting the apportionment defensible matters more than getting it large, because an inflated qualifying expenditure figure is the first thing a compliance check goes after.

Last comes the paperwork HMRC now insists on. A claim notification form for first-time and lapsed claimants, filed within six months of the end of the period of account, and an additional information form that has to reach HMRC before the Company Tax Return. Miss either one and the claim is not valid, however good the underlying R&D was.

Where R&D Claims Come Apart

The technical narrative is where most claims are won or lost. HMRC is not asking whether the work was difficult or commercially clever. It is asking which scientific or technological uncertainty the company faced, why a competent professional in the field could not readily resolve it, and what advance the work sought. A narrative written in product language rather than that language gives an inspector nothing to agree with.

The other common failure is procedural and entirely avoidable. Companies claim on the return without notifying, or file the additional information form after the return rather than before it, and lose a valid claim on sequencing. We treat those deadlines as the first thing to check, not the last.

Compliance Checks and What Happens Next

HMRC checked 9,700 R&D claims in 2023 to 2024, covering 17% of them, and recovered £441 million. Estimated error and fraud fell to 7.8% across the reliefs and 14.6% for SMEs over the same year, down from 17.6% and 25.8% in 2021 to 2022. The position is improving, but the checking rate is what a company should plan around: a claim now has to be written to be read by a sceptical reader rather than filed and forgotten. The full picture is on our HMRC enquiry defence page.

If you already have a compliance check open, or a claim that has been reduced or rejected, that is work we take on directly, including claims another adviser prepared. If you have not claimed yet and want certainty first, advance assurance is open to smaller first-time claimants and covers up to three accounting periods.

What We Do Not Do

We do not take a claim we do not think will survive a compliance check. If the work does not meet the definition of R&D for tax purposes, we say so at the first conversation rather than after an engagement letter, and that costs you nothing.

We are not a contingent-fee claims factory and we do not cold-call companies with a percentage of a number we have not seen. Work is delivered by Tidy Money Ltd, regulated by the ACCA, and we do not advise on investments or on anything that requires FCA authorisation.

Guides

What We Are Engaged To Do

What Qualifies In Your Industry

Common questions

Which R&D scheme applies to my company?

The accounting period decides it, not the size of the company. Periods beginning on or after 1 April 2024 fall under the merged R&D expenditure credit at 20%, or under Enhanced R&D Intensive Support if the company is a loss-making SME whose relevant R&D expenditure is at least 30% of its total expenditure. Periods beginning before that date still run on the SME scheme or on RDEC.

How far back can we claim?

Where the period of account is 18 months or less, the deadline is 24 months from the last day of the period of account. Where it is longer than 18 months, it is 42 months from the first day of the period of account. For first-time and lapsed claimants there is an earlier hurdle: the claim notification form has to be filed within six months of the end of the period of account, and missing it makes the claim invalid regardless of the 24 month rule.

Do we need to file anything before the tax return?

Yes. The additional information form must reach HMRC before the Company Tax Return, or on the same day but sent first. Without it the claim will not be accepted. If this is a first claim, or the last claim was made more than three years before the end of the claim notification period, a claim notification form is needed as well.

Can you take over a claim another adviser prepared?

Yes, and that includes a claim already under a compliance check or one HMRC has reduced. We review what was filed, what the narrative actually said, and what the costing was built on, then tell you whether the position is defensible before agreeing to defend it.

What does it cost?

The fee is agreed in writing before any work begins, after we have seen the accounting period, the scale of the R&D and whether a compliance check is already open. Nothing is charged until you agree it.

Find out what the claim is worth before you commit

Tell us what your company builds, which accounting period you want to claim for, and whether you have claimed before. We come back with the scheme that applies to that period, a view on what qualifies, and the fee in writing.

Start a claim
Start a claim