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HOME / KNOWLEDGE / Copycat R&D Claims

Copycat R&D Claims

Copycat R&D claims

It may still be possible to claim Research and Development Tax Relief for a product, service or process that has already been developed, for example by a competitor, but the exact details of which is not publicly available, readily deducible or a trade secret.

In our experience, qualifying R&D claims are often overlooked because projects are not necessarily “new” or “unique”.

If a particular advance in science or technology has already been made or attempted but details are not readily available (for example, if it is a trade secret), work to achieve such an advance can still be an advance in science or technology.

HMRC qualify research and development as overcoming technological and scientific uncertainties or challenges; aiming at achieving a technological and scientific advance that couldn’t be easily worked out by a professional in the field.

Whatever size or sector, if your company is taking a risk by attempting to resolve these uncertainties, then you may be carrying out qualifying activity. This could include creating a new process, product or service, but may also include changing or modifying an existing product, process or service in order to make it better.

Routine copying, analysis or adaptation of an existing product, process, service or material is unlikely to qualify.

RESEARCH & DEVELOPMENT (R&D) TAX RELIEF

Research and Development (R&D) Tax Relief helps innovative businesses undertaking R&D related activity claim a generous tax deduction or a cash refund from HMRC.

R&D tax relief is a tax incentive from the UK Government designed to encourage companies to invest in R&D. The scheme has been around since 2000 and last year over 25,000 UK companies claimed almost £2.9bn in tax relief.

Profit-making SMEs can reduce their corporation tax bill by up to 230%, e.g. an additional £130 deduction on top of £100 spent of qualifying R&D expenditure.

Loss-making SMEs can choose to surrender their loss and receive a tax relief by way of a credit – a cash refund paid by HMRC of up to £33,000 for every £100,000 spent on qualifying R&D expenditure.

LEARN MORE ABOUT R&D TAX RELIEF

Copycat R&D claims

FURTHER R&D TAX ADVICE

CONTACT US FOR FURTHER INFORMATION, OR TO REVIEW YOUR R&D CLAIM.

R&D Tax Specialists Parminder Chattha

PARMINDER CHATTHA

Partner - Corporate and R&D Tax


Parminder specialises in Research & Development Tax Credits, leading the R&D department at Jeffreys Henry LLP. Since joining the Firm in 2015, he has been working closely with both SMEs and large businesses to analyse and maximise their Research and Development claims. He has so far secured over £70 million in R&D tax relief and credits for our clients.
Copycat R&D Claims

KATE GREENHOUGH

R&D Director


Kate is a CTA qualified tax specialist with significant R&D tax experience. Kate has over 10 years of specialist experience in advising start-ups to PLC analyses, preparing and submitting robust R&D tax relief claims and Patent Box claims in line with the latest HMRC guidance. Her sector experience spans FMCG (fast-moving consumer goods), automotive, financial services, healthcare, manufacturing, construction, and food and drink.
Bhimal Hira
Bhimal Hira

We’re one of the UK’s leading tech-enabled providers of accountancy, audit, tax and advisory services to fast-growth SMEs, international businesses, listed companies and private individuals.

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