Heydon Innovation LLP
is a firm of Chartered
Tax Advisers

Advisor in Residence
SETsquared Exeter


Heydon Innovation LLP
Companies House No. OC426053
VAT Registration No. 315 9189 84

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THE RDEC SCHEME FOR LARGE COMPANIES

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How does it work?

Under this scheme, an eligible company can claim a tax credit which is equivalent to 12% of its qualifying R&D expenditure.

It is an ‘above the line’ credit which is visible in the accounts and therefore taxable. The tax credit is then deducted from the company’s corporation tax liability, or, paid as a cash payment from HMRC.

What is it worth?

Companies claiming under the RDEC scheme can expect to see an effective benefit of approximately 10% (i.e. 10p for every £1 of qualifying R&D expenditure).

This benefit remains the same whether the company is profit or loss making.

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R&D Tax Relief

A generous tax relief opportunity for innovative and forward thinking companies, creating considerable benefits for shareholders and Directors.

Already Claiming?

The approach taken by advisers differs significantly. This affects the size and accuracy of a claim, along with the time investment required from you.

About Us

We are not what you would expect from 'typical' accountants or tax advisers. Our approach is to keep our ways of working flexible, to fit around our clients.

Heydon Insights

Any company that uses science or technology to work on innovative projects should review whether it qualifies.

All sectors can qualify for R&D tax relief. From software development to manufacturing. Rocket science to construction. Food and drink to engineering.

Your company does not need to be profit making to make an R&D claim. Loss-making SMEs receive a cash payment from HMRC.

Contact us to discuss your claim

Heydon Innovation really knows its stuff! When we first met I wasn't aware of the type of work that would qualify for R&D tax credits, and I certainly didn't have the time to go through the claims process myself. They quickly identified our R&D spend that would qualify, then put together all the paperwork and dealt with the whole claims process from end to end. Such a great service, that we continue to use every year.