Eligibility for R&D Tax Credits in the UK: A Comprehensive Guide

Determining your eligibility for R&D tax credits is crucial because many companies underestimate their chances of qualifying. We speak to companies every day who assume R&D incentives “don’t apply” to them – in reality, the definition of R&D for tax purposes is broader than you might think.

If your business is attempting to overcome scientific or technological challenges, there’s a strong chance you could qualify for a valuable tax reduction or cash credit. By understanding the eligibility criteria and confirming your R&D tax credit eligibility, you ensure your company doesn’t leave money on the table. In a competitive market, this funding can be a game-changer for SMEs and larger enterprises alike, improving cash flow and enabling further innovation.

Sector Eligibility for R&D Tax Credits in the UK

R&D Tax Credits are not limited to high-tech or scientific fields. If your business is innovating in any meaningful way, you could qualify. Sectors we commonly support include:

• Manufacturing and engineering

• Software and IT

• Construction and architecture

• Food and beverage

• Pharmaceuticals and life sciences

• Renewable energy and cleantech

• Financial services and fintech

Whatever your industry, FI Group can help assess your eligibility with sector-specific expertise.