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

Copyright © 2020
All rights reserved

Site by Yello Studio

THE RDEC SCHEME FOR LARGE COMPANIES

< BACK
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.

Let us help transform your business:

Call us now - 01392 340 311

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

HMRC’s most recent ‘R&D Tax Credit Statistics’ show that the average claim for an SME is over £50,000.

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

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

datumpin highly recommend Heydon Innovation for SME R&D Tax Relief services. They took the time to fully understand our business strategic plan and guide us through the taxation labyrinth resulting in an excellent tax relief application and a successful claim.

We especially value the advice on adjusting our time sheet records for future claims so that we have the management systems in place to maximise our research taxation benefits.

Heydon Innovation gained datumpin the cash equivalent of a new customer contract which has allowed us to invest in future intellectual property, building the long term value of our business.