Calling all owners of innovative UK business

On Tuesday 22nd October Simon Eggleton gave us all an insightful presentation of his work with Jumpstart, the UK’s leading R&D Tax Credit specialists.

1. Why do we get R&D Tax Credits?

• Research and Development linked to GDP.
• Governments recognise the need to incentivise companies to undertake R&D.
• Introduced into the UK in 2000.
• Started in Canada in 1986.
• Is in 42 countries around the world.
• Recently extended to make SME scheme more generous.

2. What is HMRC’s R&D Tax Credit Scheme?

• SME scheme
• <100m Euros and <500 employees.
• 75%, 100% & 125% enhancement in eligible expenditure.
• Can claim for two prior years.

• Large company scheme
• >100m Euros or >500 employees.
• 30% enhancement in eligible expenditure.
• Can claim for two prior years.

3. How does it work for a SME?

4. What sorts of projects are eligible?

The chart above indicates how HMRC determines whether a project is routine and therefore not eligible – or advancing science or technology and therefore likely to be eligible.

5. The Jumpstart track record. 

• Have completed thousands of claims.
• Largest single applicant in the UK.
• Have a 98.6% record.
• Employ technical staff usually PhD.
• Work with every size of company from 10 employees to 6000.
• Achieve an average of 3.9 times what a purely financial submission will achieve.
• Collaborative approach with HMRC

If you would like to find out more, please contact Simon via e-mail on simon.eggleton@jumpstartuk.co.uk or telephone on 01753 481659.

You can also find out more about Jumpstart by clicking on the links below: