R&D Tax Claims for Startups
If you’re building a startup it’s likely that you’ll qualify for research & development tax credits.
What are R&D Tax Credits?
HMRC provide a tax relief for Small and Medium Enterprises (SME) that are prepared to invest time and money into research and development where this is some uncertainty to be overcome.
This was set up in 2000 when the government recognised that investment into R&D lagged considerably behind other OECD countries and is designed to encourage companies to take a risk in investing in R&D.
Can startups claim R&D Tax Credits?
Most startups can claim R&D tax relief as they are significantly within the high level qualifying criteria (SME with less than 500 staff and turnover under €100m).
Digital Product startups can almost always have a successful claim, as there is so most uncertainty associated the venture from day one.
Qualifying businesses are able to claim staff costs, subcontractor costs and consumable items.
How do you submit an R&D Tax Claim?
SimpleRD make your R&D Tax claim quick, easy and completely risk-free.
- The Simple RD team have an outstanding track record, with 100% success rate of claims submitted.
- Tailored for startups: R&D tax specialists for the technology startups
- Cloud first business which leverages technology to support clients
- Experienced entrepreneurs who have been through the same journey