SME R&D Tax Credit Claim Pack

 

This pack is designed for Small and Medium Size Enterprises who wish to prepare a UK R&D Tax Credit claim. While expert advice will allow you to maximise your claim, and with no-win no-fee arrangements, there is no up-front cost, nonetheless we recognise that in some cases a claim may be too small to allow for this option and we provide an affordably priced claim pack to allow even the smallest of startup companies to benefit from the generous R&D tax credit scheme.

 

The pack includes more than 100 pages of examples, comprehensive explanations of the tax requirements and is clearly written, in easy to understand language.

 

It is designed to assist you in making your claim by:

  • Walking you through the steps to determine the amount of eligible R&D Tax Credits you are entitled to
  • Providing the necessary tools for calculating the claim amount
  • Including the necessary templates for submitting your claim together with the supporting documentation that HM Revenue & Customs will expect

The Section Headings are shown below:

1        Introduction. 5

1.1         Target Audience. 5

1.2         R&D Claim Process. 6

1.3         R&D for Tax Purposes. 8

2        UK R&D Tax Relief Scheme Benefits. 10

2.1         Introduction. 10

2.2         Large Companies. 10

2.3         Small & Medium Size Enterprises (SMEs) 12

3        SME and Large Company definitions. 22

3.1         Definition of Small or Medium-Sized Enterprise. 22

3.2         Determining if a company is an SME.. 22

3.3         Definition of a ‘Large' company. 28

4        Conditions for Claiming the Relief. 29

4.1         Overview.. 29

4.2         Entity Claim Conditions. 30

4.3         Expenditure Claim Conditions. 32

4.4         R&D Performance Conditions. 35

5        What is R&D for Tax Purposes?. 41

5.1         Overview.. 41

5.2         Competent Professionals. 42

5.3         R&D Projects. 45

5.4         Field of Science / Technology. 49

5.5         Qualification and Quantification of R&D Projects. 51

5.6         Scientific and Technological Advances. 52

5.7         Scientific and Technological Uncertainty. 58

5.8         Experimentation. 64

6        Quantifying the claim.. 65

6.1         Pre-Trade R&D.. 65

6.2         Eligible Categories of R&D Expenditure. 66

6.3         Staffing Costs. 67

6.4         Externally Provided Workers. 73

6.5         Software & Consumable Items. 78

6.6         Qualifying Bodies. 80

6.7         Contributions to independent R&D.. 80

6.8         Relief for payments to subjects of clinical trials. 81

7        Subcontracted R&D.. 82

7.1         What is subcontracting?. 82

7.2         SME Subcontracting out Conditions. 84

7.3         SME Performing Subcontract Work. 86

7.4         Large Company Subcontracting Out 88

7.5         Large Company Performing Subcontract Work. 88

7.6         Subcontracting within a Group. 91

8        Pre trading expenditure. 93

8.1         SME Pre-trading expenditure. 94

9        Anti-avoidance measures. 98

 

Additionally, varying degrees of telephone support are available to be included in the cost of the pack, which will entitle you to receive expert advice from us with any aspect of your claim.

 

To purchase the pack, please select one of the options below.

 

SME Training Pack options