An agile platform to adapt to changing regulations. A team of R&D tax claim and sector specialist: ex-HMRC, ATT qualified, AML trained, AML registered and supervised by HMRC.
Book a MeetingNo, there is no minimum amount of expenditure needed to claim for R&D tax credits. But that wasn’t always the case. Before April 1st 2012, HMRC required that claims had a minimum R&D expenditure of £10,000. For that reason, you might still see some articles online with this minimum claim figure still showing.
We do advise however that you consider whether it’s worth compiling a claim if you have spent less than £10k on qualifying R&D work in the past financial year. Compiling a claim for any amount of money will require you to split out your R&D costs from your overall business costs and write a technical narrative explaining how your R&D activities can meet HMRC’s standard for research and development.
You should also consider how much you are due to receive back from your claim before deciding whether to compile the report. The maximum you can receive back from the SME scheme is 27%, however, this can be changed if you’ve invested less than 30% on R&D compared to your total expenditure, received a grant, spent money on subcontractors or need to claim through the RDEC scheme.
We recommend using a specialist R&D consultancy when your costs exceed £50,000. If you;ve calculated that your R&D costs are below £50,000, then we recommend using the government’s own guide to self-filing an R&D tax credit claim. There are of course additional resources online, including our own Introduction to R&D Tax Credits.
If you’ve spent more than £50,000 on R&D then it will begin to make sense to use a specialist to help with your claim. That’s because HMRC will apply more scrutiny to your claim report, and it’s more likely that you’ll undervalue your R&D expenditure. We offer a free consultation to help you understand your eligibility and identify your allowable costs. To get started, speak with one of our team here.
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“EmpowerRD is doing R&D claims the way everyone should be doing it. They absolutely exceeded our expectations and are now one of our long term partners.”
“I was looking for a specialist with a rigorous platform that could handle a complex R&D tax credit claim, because of our grant. EmpowerRD came up on top.”
“Whilst the platform was a real asset for us, the best thing was the support we received. We always had a client success manager on the other end. If we had any questions or concerns, we could use the chatbot, and our client success manager was there to help. It was a breeze; really good support throughout.”
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