Research & Development Tax Relief / Tax Credits
Helping businesses claim the R&D Tax Relief since 2000
Is your company growing and you don’t feel like you have the advisors to take you to the next level? Have your engineers grumbled about the time and effort they've spent on the R&D tax claim?
Would you like more time to focus on the really important things?
Do you want peace of mind that your tax incentive claims are being maximised, expertly handled, and robustly documented?
MMP prides itself on providing top quality service on R&D claims
Our team loves what they do and have a passion for innovation, it ensures your team will enjoy working with us too.
Our engineers and scientists speak your technical team's language.
This ensures efficient and productive interviews and that we produce accurate, easy-to-read project write-ups for submission to HMRC. We're fully compliant with HMRC's new documentation requirements.
We look at your business holistically
to determine if you have the right processes and tracking mechanisms in place to make future claims easier, more robust and ensure they are maximised.
When your company is growing fast, you need the best advice and you need more time to focus on other aspects of your job. Now is the time to start speaking with the experts.
What companies can get from the R&D Tax schemes
Large companies
Research and development expenditure credit (RDEC) - cashback of approximately 15%¹ of the eligible amount spent on R&D
¹ The RDEC rate is increasing from 1 April 2023. For expenditure prior to this date, there is cashback of approximately 11%
More hereSME tax paying
R&D Tax Relief - reduces the company's taxes.
Tax savings of up to 21.5% of the eligible amount spent on R&D.
SME loss making
R&D Tax Credit - gives you cashback of approximately 18.6% of the eligible amount spent on R&D (you don't need to be paying tax to qualify).
Intensive R&D SMEs
For companies with 40% of expenditure on eligible R&D , the cashback can be up to 27% of the eligible amount spent on R&D.
More hereTypes of eligible expenditure
Salary
Consumables
EPW's
Subcontractors
Software
Cloud Storage*
Data costs*
* For accounting periods beginning on or after 1 April 2023
For more details and to discuss the eligible R&D costs in your business
"I've just reviewed, and it looks great. This is the first tax credit application where I haven't had major feedback!"
Find out why our customer retention rate is over 90% year-on-year by getting in touch or to speak directly and confidentially to a consultant, call us.
