The scope for identifying R&D is vast – in fact, it exists in most sectors.
Small and medium-sized enterprises (SME) R&D Relief
You can claim SME R&D relief if you’re a SME with:
• less than 500 staff
• a turnover of under 100 million euros or a balance sheet total under 86 million euros
You may need to include linked companies and partnerships when you work out if you’re a SME.
SME R&D relief allows companies to:
• deduct an extra 130% of their qualifying costs from their yearly profit, as well as the normal 100% deduction, to make a total 230% deduction
• claim a tax credit if the company is loss-making, worth up to 14.5% of the surrenderable loss
Please contact us by completing the form below or indeed calling or emailing on the number above if you would like to discuss whether you are eligible.