R & D Tax Calculator

Unlock significant savings for your business with our innovative R&D Tax Credit Calculator. Designed to provide an instant, rough estimate of your potential R&D tax credit claim, it’s the essential tool that every business engaged in research and development needs.

Why Use Our Calculator?

  1. Quick Results: Receive an immediate estimate of your potential tax credit or cash repayment.
  2. Tailored Solutions: Whether you’re a small-to-medium enterprise or a large company, the calculator caters to your unique eligibility under the SME or RDEC scheme.
  3. Maximize Savings: Ensure you’re claiming the maximum relief you’re entitled to by understanding your R&D costs.

How Does It Work?

  • Input Details: Enter your accounting period, eligible scheme, and annual R&D expenditure.
  • Instant Estimate: Based on your costs, see your potential tax credit savings under the appropriate scheme.

SME vs. RDEC

  • SME Scheme: For profit-making companies, reduce your Corporation Tax liability by up to 21.5% of eligible spend. For loss-making companies, receive a cash payment equating to roughly 18.6% of your R&D expenditure.
  • RDEC Scheme: If your company is ineligible for the SME scheme, receive up to 15% of your R&D-eligible expenditure either as a tax reduction or cash repayment.

Why Choose Our Experts?

While the calculator provides an approximate estimate, our specialists will help you identify all eligible costs and projects, ensuring you claim your full entitlement. Don’t risk missing out on valuable tax savings. Reach out to us today for a precise evaluation.