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.

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%.

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

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.

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.

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

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

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

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