Industries We Serve:
Accelerating Growth & Sustainability
At ResearchQX, we cater to a diverse range of industries, providing innovative funding solutions that drive growth and enhance competitiveness. Our expertise ensures that businesses, regardless of their stage, can access the financial support they need to thrive.
Industries We Proudly Support
At ResearchQX, we deliver tailored R&D tax solutions for businesses at every stage of growth. From emerging companies to established multinationals, our expertise helps secure innovation incentives and maximize R&D tax benefits. With a tech-driven, client-focused approach, we empower businesses across diverse industries to thrive.
Startups and Emerging Businesses
We assist startups in navigating R&D tax credit claims, helping them access essential cashflow to fuel early-stage innovation.
SMEs and Growing Companies
Our tailored services for small and medium-sised enterprises (SMEs) optimise R&D tax benefits, enabling them to reinvest in innovation.
Large Corporations and Multinationals
For enterprises with complex R&D needs, we offer customised support in managing extensive claims, ensuring compliance across jurisdictions.
Unlock Innovation in the IT Industry
In the IT and technology sector, qualifying R&D includes software development, AI and machine learning, cybersecurity enhancements, and innovative applications or platform development. Companies investing in technology that advances user experience, data security, or computational efficiency are eligible. We help IT firms secure R&D credits that fund ground-breaking solutions and digital transformation.
Case Study
A software firm identifed nearly £2M of qualifying spend with our assistance.
Key Benefits
Maximised funding potential and accelerated IT projects with our expert guidance.
Unlocking Innovation in the Manufacturing Sector
Manufacturers can claim R&D tax credits for projects aimed at improving production processes, reducing waste, enhancing automation, or developing new materials. Qualifying activities include process optimisation, automation integration, and sustainable manufacturing practices. Our support enables manufacturing companies to leverage tax relief for innovations that drive efficiency and product quality.
Case Study
Unlocked c.£500k of cash credit for a manufacturing company in their latest claim.
Key Benefits
Secured significant cash benefit for the client while also helped them implement real-time tracking of R&D activities and costs, streamlining future claims.
Unlocking Innovation in the Engineering Sector
Engineering companies qualify for R&D tax credits through projects aimed at developing new technologies, improving processes, or creating advanced materials. R&D work in this sector often involves addressing technical challenges, enhancing product performance, or innovating in design and manufacturing methods. With support for projects across mechanical, civil, electrical, and aerospace engineering, we help companies leverage tax incentives to fuel technological advancements.
Case Study
Maximised the claim for an Engineering company by identifying overlooked R&D activities.
Key Benefits
Provided direct financial boost to further encourage innovation in engineering.
Unlocking Potential in Oil & Gas Innovation
In the oil and gas industry, R&D tax credits are available for projects focused on improving extraction methods, enhancing safety protocols, reducing environmental impact, and developing sustainable energy solutions. Qualifying work includes technical advancements in drilling, refining processes, or equipment efficiency. Our expertise helps companies navigate tax incentives for innovations that address industry challenges.
Case Study
Discover how we helped a leading firm secure over £1 million in R&D
tax relief.
Key Benefits
Successfully secured funding for a high-cost industry sector, improving cash flow and supporting energy transition initiatives
Empowering Life Sciences Through Innovation Incentives
The life sciences sector qualifies for R&D tax relief through research in drug development, plant studies, pesticides, medical devices, biotechnology, and diagnostic tools. Eligible R&D activities include clinical trials, lab-based research, and developing new treatments or medical technologies. We assist life sciences firms in precise R&D tax benefits for projects that drive advancements.
Case Study
Reduced c.£100k of tax bill for a leading Bio-Tech company.
Key Benefits
Set up robust claim assessment methodology to minimise compliance risks.
Read Our Latest Insights
Explore some of the latest news & updates in R&D Tax Credits
Frequently Asked Questions
R&D Tax Credits are designed to encourage innovation by providing financial relief to companies investing in research and development. They allow businesses to reclaim a portion of their expenditure on qualifying R&D activities. This incentive is available across various industries, not just in the UK.
Any business undertaking qualifying R&D activities can potentially qualify for tax relief. This includes companies of all sizes and across diverse sectors, from technology to manufacturing. It's essential to assess your projects against HMRC's criteria to determine eligibility.
Industries such as technology, pharmaceuticals, engineering, and manufacturing often see significant benefits from R&D tax relief. However, sectors like food and beverage, construction, and software development can also qualify. Each industry has unique opportunities for innovation that can be leveraged.
To apply for R&D tax relief, businesses must prepare a detailed claim outlining their R&D activities and associated costs. This typically involves compiling technical reports and financial documentation. Engaging with experts can streamline the process and enhance the chances of a successful claim.
Qualifying activities generally include developing new products, processes, or services, or significantly improving existing ones. This can involve experimental work, prototyping, or testing. It's crucial to document these activities to support your claim.
Documentation for R&D tax relief claims typically includes project descriptions, financial records, and technical reports. Detailed records of expenditures related to R&D activities are essential. Proper documentation not only supports your claim but also helps in case of an HMRC enquiry.
The time taken to process an R&D tax relief claim can vary, but it typically ranges from a few weeks to several months. Factors influencing this include the complexity of the claim and the responsiveness of HMRC. Early preparation and expert assistance can expedite the process.
Yes, businesses can appeal HMRC's decisions regarding R&D tax relief claims. The appeal process involves submitting additional evidence or clarification on the original claim. It's advisable to seek professional guidance to navigate this process effectively.
While R&D tax relief can provide significant benefits, there are risks involved, particularly regarding compliance. Incorrect claims can lead to penalties or repayments. Engaging with experienced professionals can help mitigate these risks and ensure a robust claim.
If you have further questions about R&D tax relief, our team is here to help. We offer consultations to discuss your specific needs and provide tailored advice. Don't hesitate to reach out for expert guidance.
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