As the UK’s leading specialist R&D tax consultancy, we’re here to help you get the most out of your RDEC claim.Our dedicated team provides an end-to-end service for larger businesses, allowing them to receive up to 20% tax relief on eligible expenses.
Large companies and certain SMEs can claim a Research and Development Expenditure Credit (RDEC) for working on R&D projects that make an advance in science or technology.
From 1 April 2020 to 31 March 2023, the RDEC rate was 13% of eligible R&D expenditure. From 1 April 2023, the rate rose from 13% to 20%.
Large companies, and SMEs unable to claim under the SME R&D Scheme, can generally apply for RDEC benefits. Companies are classed as large if they:
• employ more than 500 people;
• have a turnover of more than €100m and a balance sheet of more than €86m.
Leyton is the largest independent R&D tax consultancy in Europe with the highest volume of R&D tax claims across the UK.
The benefit of working with a specialist R&D tax consultancy when claiming Research & Development Expenditure Credit (RDEC) is the peace of mind that all eligible costs will be compliantly included in your claim.
Leyton is a member of the HMRC consultative committee for R&D incentives. As a result we meet with the HMRC team overseeing R&D quarterly.
Our consultants are educated to MSc/PhD level with 5+ years’ experience in industry, allowing them to work closely with your business to identify all qualifying expenditure to maximise the financial benefits you can claim.
Head of Major Accounts
Head of Consulting
Our process
Introduction
Consultancy team introduction and key claim stakeholder identification. Previous R&D claims assessment and delivery timeline agreed.
Financial Discovery
Exploration of expenditure categories, R&D project expenditure data provision, financial document provision.
Technical Scoping
Review and discussion of all eligible projects, selection of key project(s) for claim substantiation (case study).
Financial Discovery
Introduction to expenditure categories, R&D project expenditure data provision, financial document provision.
Claim Package
Compilation of technical and financial documentation, internal quality audit and resolution of queries.
Submission
Final documentation sign-off, tax benefit option agreement, detailed submission guidance and additional submission support.
Case Studies
Hear from our clients about we have helped them receive valuable financial benefits from the R&D Tax Relief schemes.
Case Studies
Hear from our clients about we have helped them receive valuable financial benefits from the R&D Tax Relief schemes.
Our highly qualified in-house teams constantly monitor market development and government funding opportunities to provide the most up-to date cost saving solutions. We offer support around a number of other government schemes including:
We identify, map and analyse patent tax relief opportunities.
We help cutting-edge businesses to win innovation funding.
We help businesses claim back the costs of ‘cleaning up’ contaminated land.
Speak to one of our innovation funding specialists