R&D Tax Credits for SMEs
R&D investment returned in record time
Our founders started Queens Lane Consultants to help small businesses like yours claim back the money you’ve invested in R&D. We’re also an SME ourselves. As such we understand the needs of small and medium-sized enterprises: you need the maximum tax credit with the minimum hassle, and as quickly as possible.
Our specialist team and our own R&D Tax Portal can help you achieve this.
Get your SME R&D tax credit claim processed quickly and easily
Unlock your R&D investment with our fast, easy and highly successful R&D tax credit claims service for SMEs. We manage, draft, submit, and defend R&D tax credit claims for innovative SMEs. Leveraging our in-house expertise and proprietary technology, we have unlocked millions in R&D tax relief for small- and medium-sized UK companies, ensuring you receive the maximum benefit from your R&D activities.
High claim success rate
Get your claim within 16 days
Easy and efficient process
No minimum fee
MAKING YOUR CLAIM
The average claim size for SMEs is £57,330.
And you can make an R&D claim regardless of your sector.
Architecture
AVERAGE CLAIM VALUE
£48263
Construction
AVERAGE CLAIM VALUE
£53715
Precision Engineering or Metal Fabrication
AVERAGE CLAIM VALUE
£77985
Motorsport Engineering
AVERAGE CLAIM VALUE
£49004
Manufacturing
AVERAGE CLAIM VALUE
£47016
Architecture
AVERAGE CLAIM VALUE
£48263
Construction
AVERAGE CLAIM VALUE
£53715
Precision Engineering or Metal Fabrication
AVERAGE CLAIM VALUE
£77985
Motorsport Engineering
AVERAGE CLAIM VALUE
£49004
Manufacturing
AVERAGE CLAIM VALUE
£47016
SME R&D Tax Relief Calculator
Calculating how much R&D tax relief you can claim is complex and involves assessing eligible projects and expenditure in detail. However, for a quick estimate, you can use our easy-to-use R&D tax calculator. By answering a few quick questions about your R&D expenses and tax position, you’ll get an instant estimate of the tax relief your business may be eligible for.
Get started now to discover your R&D tax relief potential.
Disclaimer: this is not a guarantee and other factors will affect how much you can actually receive. For more information, contact us.
R&D Calculator
Calculate your company's R&D tax relief quickly and easily
start date:
end date:
days:
expenditure:
profit/loss:
companies:
Your estimated tax benefit from R&D activities is:
This is an estimated value of the tax credits your company may qualify for.
Why SME R&D tax credits are different
At QLC, we recognise the unique challenges that small and medium-sized companies (SMEs) face when navigating R&D tax credits.
Big businesses will have entire teams or large accountancy firms supporting their claims. In the smallest businesses, you cannot allocate the same resources. This is where QLC’s team of experts and specialised software come in.
Personal service
We pride ourselves on offering personalised support, ensuring that SMEs can fully benefit from R&D tax credits to innovate and grow. Whether you're a start-up, a growing SME, or a large company, QLC is committed to delivering high-quality service without the barriers of high fees or being overlooked.
No minimum claim
Unlike some competitors who impose minimum fees and avoid smaller clients, we believe businesses of all sizes should have access to expert advice.
Regulatory changes 2024-2025
You may have heard of all of the changes that have been happening to the various R&D tax incentives.
For accounting periods beginning on or after 1 April 2024, the SME R&D tax credit scheme will merge with the RDEC scheme, standardising the process across business sizes.
The structure of the scheme will replicate the current RDEC scheme, which means companies that have been claiming for SME relief may want to seek advice on how to structure their claims going forward. The rate of relief will be similar overall but the rules are more complex and restrictive.
However, R&D-intensive SMEs, where R&D expenditure makes up 30% or more of total costs, will be eligible for enhanced tax relief, in the form of the normal SME scheme, ensuring that businesses heavily focused on innovation can still benefit from additional support despite the broader changes.
You don’t need to worry about any of this……
because we’ll help you with your tax credit claim from end to end and make sure you get the maximum relief.
SME R&D Tax Credit FAQ
What are SME R&D tax credits?
SME R&D tax credits are a government incentive designed to help small and medium-sized enterprises claim back some of the money they’ve invested in research and development (R&D) activities. These credits can significantly reduce your corporation tax or provide a cash refund if your company is loss-making.
How do I know if I qualify for SME R&D tax credits?
To qualify for SME R&D tax credits, your company must have fewer than 500 employees and either an annual turnover below £100 million or a balance sheet total under £86 million. Additionally, your R&D activities must aim to advance science or technology in your industry. Note that connected or partner companies may impact your classification.
My company has been paid by a large company to do R&D, can I still claim?
Yes, SMEs that perform R&D work for large companies may still claim R&D tax credits, but the type of credit available and the amount may vary. When working on subcontracted R&D projects for large businesses, it’s important to clarify the rules to ensure you can claim under the correct scheme.