Services / Tax


R&D Frequently Asked Questions

Our R&D team has prepared some helpful FAQs on R&D tax credits.

How much R&D can you claim?

The UK government allows you to claim up to 33% of your R&D costs, even if your project was not a success. Small and medium sized enterprises (SMEs) which are profitable and loss-making can get back up to 33% of the amount they have spent on qualifying R&D. Large companies can claim up to 13% taxable credit.

What is required to support a R&D claim?

CavanaghKelly’s R&D team can help you through every stage of your R&D claim.

We can help you draft all the essential information that is required to support your claim including:

  1. A short summary that outlines your project.
  2. The total amount of tax relief your company is claiming
  3. A breakdown of your qualifying R&D costs
  4. Your unrelieved trading loss for the claiming period

Who can claim for R&D tax relief?

Our R&D team has a combined 40 years’ experience working with clients in all sectors on their R&D claims. 

We have supported clients in the following sectors:

  • Manufacturing
  • Construction
  • FMCG
  • Engineering
  • IT/Software
  • Agri
  • Wholesale and Retail

This is a non-exhaustive list, so get in touch with our team to discuss your R&D further.

What costs are eligible for R&D tax relief?

Businesses can claim for a range of costs that are involved in the R&D process, including:

  • Costs of staff directly involved in the project including salaries, National Insurance and Pension Fund Contributions
  • Materials
  • Sub-contractor costs
  • Software
  • Utilities