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To use the calculator, enter your taxable profit or loss, and your qualifying R&D expenditure before pressing the “Calculate” button.

If you have a tax saving, this can be used as detailed below, or a combination of these options, if preferred:

A Corporation Tax Saving – reduce your corporation tax bill when you make a claim in the same year;

A cash rebate – a repayment for the tax already paid by submitting an amended return;

Loss reliefs – Carry the losses forward and offset it against future profits, or surrender it for group relief;

A cash credit – for a loss-making company, you can choose to receive a cash payment from HMRC, in exchange for the surrender of your R&D enhanced losses. 230% tax deduction by 130% uplift in qualifying costs. Convert losses to cash refunds (up to 33% of qualifying costs) – businesses surrender the loss and take the cash credit at a lower rate of 14.5%. It can be worth up to 33p for every £1 spent on R&D. 

Related Innovation Reliefs Content

 

This calculator gives an estimate of the R&D tax relief you may be eligible for.

The table below outlines the potential benefit under the two schemes before and after 1st April 2023. We recommend contacting our team to discuss the results before making any decisions.

 

 

SME Scheme

RDEC Scheme

Merged Scheme - R&D expenditure credit (RDEC)

Enhanced R&D intensive support (ERIS) for SME’s

Up to 31/03/2023

From 01/04/2023

Up to 31/03/2023

From 01/04/2023

From accounting periods starting on or after 01/04/2024

From accounting periods starting on or after 01/04/2024

Profitable company

130% uplift on costs = 24.7% net benefit

86% uplift on costs = 21.5% net benefit

Headline rate 13% = 10.5% post tax

Headline rate 20% = post tax rate between 14.7% - 16.2%*

Headline rate 20% = post tax rate between 14.7% - 16.2%*

Not applicable

Loss making company

Costs plus 130% uplift = 230 x 14.5% repayable credit = 33.4% subsidy

Costs plus 86% uplift = 186 x 10% repayable credit = 18.6% subsidy 

10.5% subsidy

15% subsidy

16.2% subsidy

Not applicable

Loss making R&D intensive company

Not applicable

Costs plus 86% uplift = 186 x 14.5% repayable credit = 26.97% subsidy

Not applicable

Not applicable

Not applicable

Costs plus 86% uplift = 186 x 14.5% repayable credit = 26.97% subsidy

 

Large Companies

Companies which do not meet the SME criteria are classified as ‘Large’ and can claim under the Research and Development Expenditure Credit (‘RDEC’). The exact rate of cash benefit available depends on the period for which a claim is being made, due to changes in the prevailing corporation tax rate. The maximum rate is currently 13% (qualifying expenditure incurred after 1 April 2020).

 

Discover how our Innovation Tax Reliefs services cover everything from eligibility checks to claim submission. Take a closer look.

 

📞 Please contact the R&D team by calling 020 8037 1030 or complete the enquiry form on this page and we will come back to you. 

Contact Us

Innovation Tax Reliefs Service Team

Meet the talented individuals behind our success! Our team is driven by innovation, expertise, and a shared passion
Aidan James
Partner
Dan Howse
Partner
Helen Mallalieu
Partner
Jamie Favell
Partner
Jay Yoganathan
Partner
Michael Bull
Partner
Russ Cahill
Partner
Scott Wickham
Partner
Sophia Watsham
Partner
Robert Astley
Family Office Partner
Charlotte Davies
US Tax Director
Grace Bonse
R&D Tax Director
Ian Feaviour
US Tax Director
James Graham
Private Client Tax Director
Rachel Alabaster
Private Client Tax Director
Sucheta Thomas
Private Client Tax Director
Zohra Bala
Corporate Tax Director
Paul Spenceley
Tax Consultant
Carmen Shippey
US Tax Senior Manager
Emma Fleet
Corporate Tax Senior Manager
Nick Townend
Private Client Senior Tax Manager
Paul Flannery
US Tax Senior Manager
Richard Middleditch
Private Client Tax Senior Manager
Sydnie Payne
Private Client Senior Tax Manager
Thomas Quinn
Corporate Tax Senior Manager
Toyan Williams
Corporate Tax Senior Manager
Ben Greenwood
Private Client Tax Manager
Hemma Chana
US Tax Director
Jeethu Job
US Tax Manager
Kim Liu-Newman
Corporate Tax Manager
Nicky Hutchison
Accounts and Finance Manager
Oliver Baker
Accounts Manager
Olivia Denton
Corporate Tax Manager
Martin Sevtsov
Marketing Coordinator
Rachel Ezrachie
Office and Operations Manager
Sophie Richards
Office and HR Manager
Alina Miron
US Tax Assistant Manager
Alister Gracias
Private Client Tax Assistant Manager
Amy Johns
US Tax Assistant Manager
Danica Owen-Davidson
Private Client Tax Assistant Manager
Darshini Dayanand
US Tax Assistant Manager
Emma Beattie
Accounts Preparer
James Fothergill
Corporate Tax Assistant Manager
Hugo Costain
Private Client Tax Senior
James Davies
Corporate Tax Senior
Jess Bonner
Senior US Administrator
Talia Lockwood
Corporate Tax Senior
Ben Warner
Corporate Tax Assistant
Charlie Hill
Private Client Tax Assistant
Elias Cox
Corporate Tax Assistant
Vishnupriya Balakrishnan
UK Private Client Tax Trainee
View the entire team

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Our company has engaged with Tax Advisory Partnership on R&D activities. Their service has been solution oriented, proactive, and good value for money. We have developed a good relationship with Tax Advisory Partnership and find their R&D consultants to be good listeners. I would highly recommend Tax Advisory Partnership for their knowledge of the regulations and the ongoing support they offer.
CFO of a major F1 motorsport company
Our company has engaged with Tax Advisory Partnership on R&D activities. Their service has been solution oriented, proactive, and good value for money. We have developed a good relationship with Tax Advisory Partnership and find their R&D consultants to be good listeners. I would highly recommend Tax Advisory Partnership for their knowledge of the regulations and the ongoing support they offer.
CFO of a major F1 motorsport company

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