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The R&D tax credit scheme is a government incentive that allows innovative companies to claim tax relief on their R&D costs.
It can be challenging to figure out how much you can claim, particularly with recent changes to the scheme. Use our R&D tax credit calculator for a quick estimate of your potential claim – simply fill in the fields on the right.
Doesn’t matter which accounting period you’re claiming – we’ve got you covered!
Navigating the recent changes in R&D tax credits is difficult, but our R&D tax credit calculator has you covered.
What has changed?
For accounting periods on or after 1 April 2024, the R&D tax relief scheme has changed, consisting of the merged scheme R&D expenditure credit (RDEC) and the enhanced R&D intensive support (ERIS). This change involves rate changes and new rules, affecting the scheme you can claim through and the amount you can claim.
Our R&D tax credit calculator shows rates before and after 1 April 2024. See how your claim changes over time and determine which scheme you can claim for in each accounting period.
Select your accounting period
Who are you?
What is your financial position?
What's your estimated annual spend on R&D?
Enter amount for annual spend on R&D staff
What's your estimated total expenditure?
Enter amount for estimated total expenditure
How did we worked it out?
Our calculator gives estimates for before and after the merge, helping with planning for the past and future claims. This dual-period functionality ensures you can accurately determine your potential claim value, reflecting the latest scheme changes.
Whether you’re forecasting for the next financial year or looking to claim retrospectively, our R&D tax relief calculator is your essential tool for navigating the updated relief rates.
From 1 April 2023, a loss-making SME that spends 40% or more of its total expenditure on R&D is considered an R&D-intensive SME. This criteria will change from 1 April 2024, where an SME must spend 30% or more of its total expenses on R&D to be classified as an R&D-intensive SME.
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