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). This R&D Tax Credit is available for businesses working on 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.
Many businesses often overlook qualifying research & development (R&D) expenditures, potentially missing out on valuable credits like the Research & Development Expenditure Credit (RDEC). This is where our team of experts, with their practical experience in scientific, technological, and engineering roles, come into play.
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. They have the skills to identify all eligible expenses, ensuring that no opportunities to claim back R&D expenses are missed.
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Beyond just identifying expenses, our team’s expertise and familiarity with HMRC processes ensure that all claims are made in compliance with the latest laws and regulations.
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.
Qualifying R&D expenditure for the RDEC scheme might include staff costs; subcontracted R&D costs; software, cloud computing and data licences; externally provided workers (EPW) and even consumable items used in the R&D process.
However, identifying these costs can often be complex and nuanced. That’s where our team’s experience becomes invaluable. Our experts, with their deep understanding of the legislation and practical field experience, will identify all potential qualifying expenditures. This ensures you’re claiming for every eligible cost, maximising the financial benefits you receive.
Find out if you qualify today >
Dominic Landman
Head of Major AccountsElena Karadzhova
Head of ConsultingConsultancy team introduction and key claim stakeholder identification. Previous R&D claims assessment and delivery timeline agreed.
Exploration of expenditure categories, R&D project expenditure data provision, financial document provision.
Review and discussion of all eligible projects, selection of key project(s) for claim substantiation (case study).
Introduction to expenditure categories, R&D project expenditure data provision, financial document provision.
Compilation of technical and financial documentation, internal quality audit and resolution of queries.
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.