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

Many business owners are incorrectly advised that their company does not qualify for R&D tax relief.

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

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

Contact us to discuss your claim

I don’t normally write testimonials for companies but really felt that Heydon Innovation deserved to be recognised for the R&D tax claim work they have completed for us. Graham was very quickly able to understand our business and guide us through the complex process with ease. He was very thorough in his approach, readily researched specific areas to understand our business in depth and in response to our questions he was able to communicate and explain the intricacies of the tax laws. I would certainly recommend Heydon Innovation for all your R& D tax advice.