THE RDEC SCHEME FOR LARGE COMPANIES

Under this scheme, an eligible company can claim a tax credit which is equivalent to 13% (20% from 1 April 2023) of its qualifying R&D expenditure.

It is an ‘above the line’ credit which is visible in the accounts and 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 10.5% (i.e. 10.5p for every £1 of qualifying R&D expenditure).

From 1 April 2023, for a company paying corporation tax at 25%, the effective benefit will significantly increase to 15%.

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

The SME Scheme The RDEC scheme for large companies

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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.

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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

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

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

If you are already claiming, we are happy to review your most recent claim for free. We may be able to increase the value of the claim, make the process easier for you, or improve the methodology to make the claim more robust.

We were delighted that Heydon Innovation was able to help us with our R&D tax credit claim. It was very important to us that the claim was considered in its completion. Heydon Innovation approached this both professionally, and most importantly with the highest standards of ethics.
Not only did I learn a great deal, but also the guidance and assistance I received, particularly in view of the tight timeline, was exactly the high standards that we always aim to deliver to our own clients.

Roz Woodward FCCA MATT - CEO at Securious Ltd