How to claim R&D Tax Credits for failed research and development projects
Not every research and development (R&D) project goes to plan. Failure or abandonment is very common. In fact, in the pharmaceutical industry the global success rate for R&D projects is as low as 7%, according to IQVIA’s R&D Global Trends in R&D 2025 report. Some projects don’t meet their intended goals, others are aborted; perhaps because they’ve […]
PlantSea
About the client PlantSea is committed to sustainability and innovation, tackling the global issue of plastic pollution head-on. Motivated by the harmful impact of microplastics on our oceans and ecosystems, they’ve developed a unique seaweed-based flexible film that dissolves naturally, with the ability to hold both liquids and dry goods. This solution offers a sustainable, […]
An examination of 2025’s R&D Tax Credit Statistics
R&D tax relief is hugely important for helping to fund innovation in the UK. But according to HMRC’s Research and Development Tax Credits Statistics: September 2025 report, the total relief claimed for the 2023-24 tax year has decreased by 2%. The report also shows that qualifying R&D expenditure is down by 1%. The drop reflects […]
Benchmarking the UK’s R&D tax incentives against the rest of the world
Almost all countries fund research and development to some extent. They do so because governments around the world know that lowering the cost of R&D for businesses encourages private investment, which helps to drive productivity and boost economic performance. R&D efforts can also help deliver the solutions to some of society’s biggest challenges, such as […]
How R&D Tax Credits can boost defence innovation
Defence is one of the eight sectors within the Industrial Strategy that the UK Government has singled out for investment, saying that they aim to “deliver the defence industrial base we need to protect our national security while unlocking the sector’s significant untapped potential for creating growth spillover benefits through innovation, exports and scale-ups.” It’s […]
Advanced Bacterial Sciences
About the client Advanced Bacterial Sciences is at the forefront of environmental innovation, harnessing the natural power of bacteria and utilising 100% biodegradable materials. They’re on a mission to combat global pollution sustainably, blending expertise in biology, chemistry, and engineering. Their range of products, technologies, and solutions is designed to tackle some of the planet’s […]
Landcatch Natural Selection
About the client Landcatch Natural Selection is part of the Hendrix Genetics group and specialise in genomic research, with a focus on understanding DNA and animal physiology. Based in Scotland, Landcatch breeds and provides genetic services for the salmon industry. The Benefit “The R&D tax credit has been a real boost for our cash flow. […]
How to avoid some of the most common errors on R&D Tax Credits claims
Anyone can make a mistake, but errors on R&D tax relief claims can become huge headaches for businesses, potentially leading to HMRC investigations with benefits held back as a result. To help you avoid making a mistake on your claim, we’ve put together a list of some of the most common errors made in R&D […]
The R&D PAYE NIC cap explained
R&D tax relief is a government incentive that rewards companies who invest in innovative projects in a field of science or technology. But the amount that companies can claim is subject to a PAYE NIC cap. Essentially, for any one year, the PAYE NIC cap limits the amount of payable R&D Tax Credit to £20,000 […]
Everything you need to know about the new rules for overseas R&D expenditure
There are new rules on what your business can claim on overseas R&D expenditure. For accounting periods starting on or after 1 April 2024, HMRC have introduced restrictions on the eligibility of overseas R&D costs for R&D tax relief including spend on externally provided workers (EPWs) and subcontractors – although there are exemptions, which the […]