R&D Cashback and Tax Relief

‘Cash Back’- £24 ‘cash’ for every £1 spent on qualifying R & D if you are a loss-making SME (Small/Medium Enterprise)

or

175% tax relief on profits for SMEs i.e. you spend £1 on qualifying R & D and HMRC gives you £1.75 tax relief on profits

130% tax relief on profits for larger companies qualifying R & D expenditure.

Research and Development (R&D) Relief is a tax relief that may reduce your company or organisation's tax bill by more than your actual expenditure on allowable R&D costs.

Alternatively, if your company or organisation is small or medium-sized, you may be able to choose to receive a cash sum paid by HM Revenue & Customs (HMRC).

There are two schemes for claiming relief, depending on the size of the company or organisation:

• The Small or Medium-sized Enterprise (SME) Scheme
• The Large Company Scheme

Tespar dsp cannot advise on the detailed cash back and tax relief for R & D and recommend your company contacts HMRC for more information. Please click on the link to the appropriate HMRC webpage.