Free Tool

R&D Tax Credit Calculator

Estimate your UK R&D tax credit in seconds. No account required.

£

Are you profit-making?

This affects the applicable relief rate

NoYes

Accounting Period


Estimated R&D Tax Credit

£16,340

Your £100,000 spend x 16.3% rate = £16,340 estimated claim

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How R&D Tax Credits Work

UK companies that spend money on qualifying research and development can claim tax relief through HMRC. The amount you can claim depends on your company size, profitability, and when your accounting period falls.

Post-April 2023 Rates

  • Profit-making SME: ~16.34% of qualifying spend
  • Loss-making SME: ~18.6% of qualifying spend
  • RDEC: 20% of qualifying spend

Pre-April 2023 Rates

  • Profit-making SME: ~24.7% of qualifying spend
  • Loss-making SME: ~33.35% of qualifying spend

What Expenses Qualify?

Staff Costs

Salaries, employer NIC, and pension contributions

Subcontractors

65% of subcontractor costs for SME scheme

Software

Software licences used directly in R&D

Consumables & Utilities

Materials, power, and water used in R&D