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Research and Development Expenditure Credit (R.D.E.C.) Tax Claims

Hamilton Wood and Company are a multi-award-winning RDEC Tax Credit consultancy.  Our specialists help your business safely enhance its claimable benefit under the various tax laws the scheme involves.

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RDEC TAX CLAIMS REPORT EXAMPLE

What is R.D.E.C?

RDEC stands for The Research and Development Expenditure Credit. It is a scheme that is designed to encourage larger businesses to invest in pursuing innovative projects commonly referred to as undertaking Research and Development (R&D).  The initiative rewards businesses that engage in R&D projects. Projects should strive to develop new or improved products and services in much the same way as the R&D tax incentive works for SME's

What are the Benefits of RDEC?

  • Gain a Competitive Advantage 
  • Tax Efficient
  • Recover a % of Your Investment
  • Rewards Innovative Companies

Success

Why Work With Hamilton Wood & Company?

Hamilton Wood and Company are a multi-award-winning R&D tax credit consultancy. Specialising in both the Research and Development Expenditure Credit (R.D.E.C) and HMRC SME R&D Tax Credit Schemes, we are the 'go-to' company for businesses looking to safely enhance and maximise its' claimable benefit.

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R.D.E.C Tax Claims - Photo of a laptop running Chat GPT - Hamilton Wood and Company London Manchester (1)

How Does the RDEC Scheme Work?

The R.D.E.C. scheme can be claimed by large businesses (over 500 staff) or small to medium sized businesses who cannot claim the SME R&D Tax Credit Scheme.

Regardless of whether your business is trading in profit or at a loss, a successful claim for R&D work will have the effect of reducing your Corporation Tax liabilities.  If the applied credit triggers a 'loss' then this results in a back-payment from HMRC but with larger businesses, it is most likely to trigger a reduction in your tax bill.  It is also able to be used to settle other tax liabilities should this be necessary.

Identifying a problem within your industry, taking steps to solve the problem thus creating an advance in your industry is key when looking to benefit from the various H.M.R.C. R&D tax Credit initiatives.

Successful Research and Development Tax claims are one of the most effective ways to help strengthen your business's bottom line by reducing it's tax liabilities and also providing a tax rebate subject to status.

HMRC RDEC Tax Credit Rates

Historically the percentage allowance for the incentive has changed.  The rate has changed as follows:

  • From 1st April 2015 and up to and including 31st December 2017 = 11%
  • From 1st January 2018 and up to 31st March 2020 = 12%
  • From 1st April 2020 and up to 31st March 2023 = 13%
  • From 1st April 2023 onwards = 20%

To Claim You Need to:

  • Be looking for an advance in your field
  • Have worked to overcome project uncertainty
  • Have sought to overcome scientific or technological uncertainty
  • Show experts in your field could not easily 'work it out.'
R&D Tax Claims for Technology Advances - Photo of Robotic Development - Hamilton Wood and Company Birmingham Manchester
R&D Tax Credit Statistics 2022 - Info Graphic - Hamilton Wood and Company London Manchester-01
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Talk to The Experts at Hamilton Wood and Company

Hamilton Wood and Company was established in 2017. We have helped large numbers of businesses safely identify and recover their full true award under the various HMRC R&D Tax Credit incentives.

  • Award-Winning Team
  • R&D Specialist Resides on HMRC's Legislative Consultation Committee for R&D
  • Managing Director Proud to be a fellow of UK Research and Innovation (UKRI)  Peer Review College
  • We safely deliver more benefit for businesses like yours
Multi-award-winners - Hamilton Wood and Company-01

What Our Customers Say:

Ongoing support with complex R&D tax claims.

"Our industry had a 'spot check' by HMRC. Naturally, I was very worried.  I can't thank the team at Hamilton Wood & Co. enough.  They dealt with HMRC directly and  I must say I was impressed with the speed and efficiency that the matter was dealt with. Our claim was approved and we were delighted with the support from Chris at Hamilton Wood throughout.  I couldn't have done it on my own."

N.Burgess
Product Lead

Fast and efficient R&D claims process.

"As a business owner, I very rarely get a spare moment.  I was encouraged to talk to Simon at Hamilton Wood and Co. to see if the improvements to our back-office functions and processes might qualify.  After a quick conversation by phone I was assured that whilst not all my activities did qualify, that some of them did and we could move forward on them. I was involved for less than 2hrs over a 12 week period and got a playout in no time at all."  

J. Martins
Managing Director