RESEARCH & DEVELOPMENT TAX RELIEF

Is your company engaged in research and development (R&D) activities? Are you looking to unlock valuable financial benefits and incentives? Our R&D tax relief services help your company maximise its tax savings and fuel innovation within your organisation. By leveraging the power of R&D tax relief, you can drive growth, increase your cash flow, and stay at the forefront of your industry.

R&D tax relief rewards companies for investing in innovation and technological advancements. It allows eligible companies to claim a reduction in its corporation tax profit or increase its loss, resulting in either a reduction in corporation tax liability, creation or increase of tax losses, or a payable cash credit based on qualifying R&D expenditure.

What is R&D Tax Relief?

Is My Company Eligible for R&D Tax Relief?

To qualify, a company must be seeking a technological or scientific advance within its industry. It’s important to note that this does not have to be a successful project that becomes operational, nor does it have to be a completed project.    

If your company has developed a new technological or scientific process, product, or service, or modified an existing one, it could be eligible for R&D tax relief.

For many years, both the SME and RDEC schemes for R&D tax relief remained very stable. From Autumn 2022 onwards, a whole series of changes was announced and re-announced with incremental further changes. Some take effect for all companies incurring R&D expenditure on or after 1 April 2023, other changes are dependent on the month a company’s accounting period begins, and whether this is on or after 1 April 2023 or 1 April 2024 onwards.

Now more than ever you need to engage with a Tax specialist who will help you through the changes to ensure a successful claim.

In-Depth Eligibility Evaluation
Accurate R&D Tax Relief Computation
Diligent Documentation and Submission Preparation
Expert HMRC Liaison and Continuous Support

CYK Associates' Comprehensive Approach to R&D Tax Relief

Engage with CYK Associates

Discover how our R&D tax relief services can elevate your business. Contact us for a comprehensive consultation or take our Innovation Funding Health Check to get started.

Is My Company Eligible for R&D Tax Relief?

To qualify, a company must be seeking a technological or scientific advance within its industry. It’s important to note that this does not have to be a successful project that becomes operational, nor does it have to be a completed project.

If your company has developed a new technological or scientific process, product, or service, or modified an existing one, it could be eligible for R&D tax relief.

Now more than ever you need to engage with a Tax specialist who will help you through the changes to ensure a successful claim.

In-Depth Eligibility Evaluation

Accurate R&D Tax Relief Computation

Diligent Documentation and Submission Preparation

Expert HMRC Liaison and Continuous Support

CYK Associates' Comprehensive Approach to R&D Tax Relief

Engage with CYK Associates

Discover how our R&D tax relief services can elevate your business. Contact us for a comprehensive consultation or take our Innovation Funding Health Check to get started.

To qualify, a company must be seeking a technological or scientific advance within its industry. It’s important to note that this does not have to be a successful project that becomes operational, nor does it have to be a completed project.    