A Brief Overview  of The R & D Scheme

By

Antony Stemp ACMA ACIS BA(Hons) Independent Business Analysis Limited

 

Two Schemes applied to R&D Projects
Companies can claim retrospectively for the past two completed financial years

  • SME Scheme

    • From April 2011 Company gets relief of 200% on their qualifying R&D costs

    • From April 2012 Company gets relief of 225% on their qualifying R&D costs

    • From April 2015 Company gets relief of 230% on their qualifying costs

  • Large Company Scheme

    • From April 2011 Company gets relief of 130% on their qualifying R&D costs

       

Definition of an SME

 

 

 

But some SME R&D Projects can be classed as qualifying under the Large Company Scheme where grants or subsidies are apply to specific projects.

Worldwide Group Companies with more than the number specified above are able to claim under the Large Company Scheme.

         

Who do we need to ask about R&D?

  • The people who are doing the work will understand best the scientific or technological problems involved

  • They should focus on what the advances the project is seeking to achieve and the uncertainties to be faced rather than the eventual product aspiration, specification or design