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To use the calculator, enter your taxable profit or loss, and your qualifying R&D expenditure before pressing the “Calculate” button.

If you have a tax saving, this can be used as detailed below, or a combination of these options, if preferred:

A Corporation Tax Saving – reduce your corporation tax bill when you make a claim in the same year;

A cash rebate – a repayment for the tax already paid by submitting an amended return;

Loss reliefs – Carry the losses forward and offset it against future profits, or surrender it for group relief;

A cash credit – for a loss-making company, you can choose to receive a cash payment from HMRC, in exchange for the surrender of your R&D enhanced losses. 230% tax deduction by 130% uplift in qualifying costs. Convert losses to cash refunds (up to 33% of qualifying costs) – businesses surrender the loss and take the cash credit at a lower rate of 14.5%. It can be worth up to 33p for every £1 spent on R&D. 

Related Innovation Reliefs Content

 

  SME Scheme RDEC Scheme Merged Scheme – R&D expenditure credit (RDEC) Enhanced R&D intensive support (ERIS) for SME’s
  Up to 31/03/2023 From 01/04/2023 Up to 31/03/2023 From 01/04/2023 From accounting periods starting on or after 01/04/2024 From accounting periods starting on or after 01/04/2024
Profitable company 130% uplift on costs = 24.7% net benefit 86% uplift on costs = 21.5% net benefit Headline rate 13% = 10.5% post tax Headline rate 20% = post tax rate between 14.7% – 16.2%* Headline rate 20% = post tax rate between 14.7% – 16.2%* Not applicable
Loss making company Costs plus 130% uplift = 230 x 14.5% repayable credit = 33.4% subsidy Costs plus 86% uplift = 186 x 10% repayable credit = 18.6% subsidy  10.5% subsidy 15% subsidy 16.2% subsidy Not applicable
Loss making R&D intensive company Not applicable Costs plus 86% uplift = 186 x 14.5% repayable credit = 26.97% subsidy Not applicable Not applicable Not applicable Costs plus 86% uplift = 186 x 14.5% repayable credit = 26.97% subsidy

 

The calculator is intended to provide you with an indication of the amount of R&D tax relief that should be available to you. The table below summarises. the potential tax benefit for to be gained under the two schemes pre 1st April 2023 and post 1st April 2023. We recommend that you get in touch to discuss this in more detail with the team before making any decisions as a result of this calculation.

 

Large Companies 

Companies which do not meet the SME criteria are classified as ‘Large’ and can claim under the Research and Development Expenditure Credit (‘RDEC’). The exact rate of cash benefit available depends on the period for which a claim is being made, due to changes in the prevailing corporation tax rate. The maximum rate is currently 13% (qualifying expenditure incurred after 1 April 2020).

Please contact the R&D team by calling 020 8037 1030 or complete the enquiry form on this page and we will come back to you. 

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Innovation Tax Reliefs Service Team

Meet the talented individuals behind our success! Our team is driven by innovation, expertise, and a shared passion
Aidan James
Partner
Dan Howse
Partner
Helen Mallalieu
Partner
Jamie Favell
Partner
Jay Yoganathan
Partner
Michael Bull
Partner
Russ Cahill
Partner
Scott Wickham
Partner
Sophia Watsham
Partner
Robert Astley
Family Office Partner
Charlotte Davies
US Tax Director
Grace Bonse
R&D Tax Director
Ian Feaviour
US Tax Director
James Graham
Private Client Tax Director
Rachel Alabaster
Private Client Tax Director
Sucheta Thomas
Private Client Tax Director
Zohra Bala
Corporate Tax Director
Paul Spenceley
Tax Consultant
Carmen Shippey
US Tax Senior Manager
Emma Fleet
Corporate Tax Senior Manager
Nick Townend
Private Client Senior Tax Manager
Paul Flannery
US Tax Senior Manager
Richard Middleditch
Private Client Tax Senior Manager
Sydnie Payne
Private Client Senior Tax Manager
Thomas Quinn
Corporate Tax Senior Manager
Toyan Williams
Corporate Tax Senior Manager
Ben Greenwood
Private Client Tax Manager
Hemma Chana
US Tax Director
Jeethu Job
US Tax Manager
Kim Liu-Newman
Corporate Tax Manager
Nicky Hutchison
Accounts and Finance Manager
Oliver Baker
Accounts Manager
Olivia Denton
Corporate Tax Manager
Martin Sevtsov
Marketing Coordinator
Rachel Ezrachie
Office and Operations Manager
Sophie Richards
Office and HR Manager
Alina Miron
US Tax Assistant Manager
Alister Gracias
Private Client Tax Assistant Manager
Amy Johns
US Tax Assistant Manager
Danica Owen-Davidson
Private Client Tax Assistant Manager
Darshini Dayanand
US Tax Assistant Manager
Emma Beattie
Accounts Preparer
James Fothergill
Corporate Tax Assistant Manager
Hugo Costain
Private Client Tax Senior
James Davies
Corporate Tax Senior
Jess Bonner
Senior US Administrator
Talia Lockwood
Corporate Tax Senior
Ben Warner
Corporate Tax Assistant
Charlie Hill
Private Client Tax Assistant
Elias Cox
Corporate Tax Assistant
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Our company has engaged with Tax Advisory Partnership on R&D activities. Their service has been solution oriented, proactive, and good value for money. We have developed a good relationship with Tax Advisory Partnership and find their R&D consultants to be good listeners. I would highly recommend Tax Advisory Partnership for their knowledge of the regulations and the ongoing support they offer.
CFO of a major F1 motorsport company
Our company has engaged with Tax Advisory Partnership on R&D activities. Their service has been solution oriented, proactive, and good value for money. We have developed a good relationship with Tax Advisory Partnership and find their R&D consultants to be good listeners. I would highly recommend Tax Advisory Partnership for their knowledge of the regulations and the ongoing support they offer.
CFO of a major F1 motorsport company

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