History of the R&D Tax Credits

History of the R&D Tax Credits?
The software underpinning RDRelief was sold to one of the big-4 professional service firms in 2018. Consequently, the brand is no longer in operation.
  • R&D Tax Advisors are invited to find out more about the Inspired.tax claim preparation software.
  • Otherwise, please feel free to continue to browse this website for useful information regarding claiming R&D Tax Credits in the UK. However, beware that none of the information has been updated since 2018.

2000: R&D Tax Credits Started

The UK government issued the first version of the BIS guidelines (now the BEIS guidelines) containing the eligibility criteria for the R&D Tax Credit regimes. In this initial launch, the relief was only for Small and Medium-sized enterprises (SMEs) with a super deduction rate of 150%.

2002: R&D Tax Credits for Large Companies

Following a successful launch of the SME regime, the UK government extended the R&D credits to large companies.

2004: First Amendment to the BIS (now BEIS) Guidelines

Learning from the first four years of claims, the UK government issues the first (and only) major update to the R&D tax credits eligibility criteria.

2013: Launch of RDEC

The Research and Development Expenditure Credit (RDEC) was launched for expenditure incurred after 1 April 2013. This enabled large companies (and SMEs who have undertaken funded R&D) to claim a payable tax credit at a rate of 10% of qualifying expenditure.

2014: SME Rate Increase

The SME super deduction rate increased from 225% to 230% for expenditure incurred from the 1st April 2015.

2015: RDEC Rate Increase

For qualifying expenditure incurred from 1 April 2015, the RDEC rate was increased from 10% to 11%.

2017: RD Relief tested on first clients

RD Relief, the new, innovative way of claiming R&D Tax Credits was launched for test on a small, select number of clients.

2018: RD Relief launched

RD Relief was launched across the UK, allowing companies to maximise their claim while saving their precious time and money. Sign up today.
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