Claim Back Your R&D Spend!

Recover your costs associated with product, process and system design, development and testing through HMRC’s R&D tax credits incentive.

You can submit an R&D tax credit application after one year of trading. Following this, a claim can be submitted each financial year. 

You can apply for R&D tax credits retrospectively for two prior financial years.

An R&D application on average generates around £60,000 for SME businesses per financial year! 

Claim Back Your R&D Spend!

If you’re working on developing or improving products, systems or processes, you may be eligible to recover your costs. R&D is not limited to companies developing cutting edge of technology, your day to day activities could generate a substantial benefit for your business!

An R&D application on average generates around £60,000 for SME businesses per financial year!

Why use Apogee?

Our process is designed to minimise your involvement whilst ensuring you recover everything you’re entitled to.

100% Success Rate

Across more than 600 applications, the team at Apogee haven’t had an application rejected or even queried by HMRC

No Lock-in Contracts

You aren’t tied down with a contract; we rely on our excellent service to retain clients

Dedicated R&D Expert

Your dedicated point of contact will be an in-house R&D expert, to ensure your application is maximised and processed efficiently

Fully Contingent Fee

We only get paid when you get paid. If your application is unsuccessful, there is no fee

Helping The Planet

We plant 100 trees for every successful application and donate 5% of our profits, up to £500/application, to protecting the rainforests

100% Success Rate

Across more than 600 applications, the team at Apogee haven’t had an application rejected or even queried by HMRC

No Lock-in Contracts

You aren’t tied down with a contract; we rely on our excellent service to retain clients

Dedicated R&D Expert

Your dedicated point of contact will be an in-house R&D expert, to ensure your application is maximised and processed efficiently

Fully Contingent Fee

We only get paid when you get paid. If your application is unsuccessful, there is no fee

Helping The Planet

We plant 100 trees for every successful application and donate 5% of our profits, up to £500/application, to protecting the rainforests

Don’t just take our word for it...

5/5

"With all the investment we have put into technology in recent years at Innerplace, I was very pleased to discover R&D tax credits. Apogee was recommended to me on the 10KSB programme and they did not disappoint. It was a very easy process, keeping my time and effort quite minimal but producing excellent results. All very professional, knowledgeable and friendly. The turnaround was also quick and we have now received our tax credit and look forward to using them again next year."

5/5

“We have now worked with the Apogee team on two submissions. Previously we had worked with a few other R&D specialists prior to being introduced to Nat, Jack and Ben, and it’s proven to be one of the best decisions we’ve made. The team were a great support when submitting our R&D application start to finish! From the beginning they offered a fresh, engaging and supportive approach to the process. The team’s expertise and help was invaluable and they were extremely professional throughout, even guiding us to explore further into the R&D world. We’re really looking forward to continuing to work with the Apogee team, and wouldn’t hesitate in recommending them to anyone looking for support in learning more about R&D tax credits!”

5/5

"A great bunch of R&D specialists that quickly and efficiently helped us with our return. They're not the cheapest but their knowledge and passion result in more funds claimed from HMRC and less time wasted on countless spreadsheets - a win-win. Would strongly recommend!"

Take a look at how we’ve helped our clients:

R&D Covers Much More than You Realise

Do you know what costs you can recover?

HMRC estimates that between 65% to 85% of eligible businesses are still not recovering their costs.

If you’re working on developing or improving products, systems or processes, you may be eligible to recover your costs. R&D is not limited to companies developing cutting edge of technology, your day to day activities could generate a substantial benefit for your business!

Enquire Here

and find out how much you can recover.

FAQ’s

You can file one R&D tax credit application for each financial period in which you trade, provided eligible research and development activity continues to be undertaken by your company. Submissions can be revised alongside your CT600 for the two prior financial years, should you believe qualifying expenditure has been omitted.

The benefit from SME R&D tax credit submissions can be realised in several ways and is dependent on your tax position and profitability. Further details on the different kinds of recovery can be found on the “How does the benefit work?” section of our website. In general, you can expect to receive a benefit of between 14.5% – 33% of qualifying expenditure for SME applications, and 10.5% of qualifying expenditure for RDEC applications.

You can submit an R&D tax credit application after one period of trading. Following this, a claim can be submitted each financial period.

You can apply for R&D tax credits retrospectively for two prior financial years. These years are often covered in a single submission initially, following which applications for individual periods can be made.

For example, if your year end is December 2020, you are able to submit an application for the periods ending December 2018 and December 2019; following the conclusion of the December 2020 period, you will be able to submit another application.

There are several potential avenues for recovery when claiming R&D tax credits for a SME.

Staff costs including wages, Employer’s Class 1 NIC and pension fund contributions for staff directly and actively engaged in R&D can be recovered. Support staff costs associated with maintenance, clerical, administrative and security work relating to qualifying activities also qualify.

Consumable items are also allowable under the R&D scheme, that is, the cost of items that are directly employed and consumed in qualifying R&D projects, including utilities. Software that is directly employed in R&D activity is also a common area of recovery, especially if bespoke platforms are created or proprietary programs are enhanced through the integration of other systems or implementation of additional functionality.

Subcontracted workers and unconnected parties that are actively involved in R&D projects can also contribute towards the overall qualifying expenditure when applying under the SME scheme, however, the recovery is slightly lower. Some subcontracted activities can be recovered under the RDEC scheme, although the criteria are much more stringent.

We have a 100% success rate and have never had a query on any application we have compiled. If an enquiry is launched, we will deal with HMRC on your behalf so you can dedicate focus towards running your business.

Should you submit an application without our support (and HMRC decide to make an enquiry), they may study your company and request discussions with key personnel involved in the qualifying research and development activity to ensure it meets the definitions outlined in the BIS Guidelines.

We will never submit an application that we ourselves and you as a client are not comfortable with.

In short, yes. Although proper record keeping of R&D activities is encouraged by HRMC, many organisations are unaware the scheme exists. As such, HMRC will accept best estimate approaches for R&D claims if no detailed records have been kept. Following an initial submission, there is an expectation from HMRC for you to make efforts to more accurately track qualifying R&D expenditure, however, we help you implement the systems and structure to do so as part of our service offering.

To qualify as an SME, you must have fewer than 500 staff and either a turnover of under €100m, or less than €86m on the balance sheet.

If these criteria are not met, your company can still recover your R&D costs if eligible activity is undertaken, but it will be through the RDEC scheme.

Your total number of staff is calculated by considering all directors and employees on payroll; part time staff are included but are calculated differently. For example, if an employee worked four out of the five working days, they would count as 0.8 of a unit towards the headcount. Some staff are excluded from the headcount, including apprentices, students on vocational training and individuals on maternity or paternity leave.

Unfortunately, if you are partnered or linked to other companies, you could be disqualified from submitting an SME R&D tax credit application. The definition of a partner or linked enterprise is as follows:

Linked enterprise

Your company is considered linked when any of the following criteria are met:

  • Another company or individual owns more than 50% of the voting rights
  • Another company or individual has the ability to exert a dominant influence over your company
  • Another company or individual has the power to appoint or remove senior management members

If your company is linked to another enterprise, the other enterprise’s headcount, turnover and balance sheet total must be aggregated into your own, which may affect your eligibility.

Partner enterprise

Your company is considered partnered when an enterprise owns between 25% and 50% of the shares or voting rights, or even if your company owns between 25% and 50% of shares or voting rights in another business.

Partnered enterprises will adjust your total headcount, turnover and balance sheet total by aggregating the relevant proportion of data of the partner companies with your own. For example, if an enterprise controls 30% of your business, 30% of their headcount, turnover and balance sheet total must be factored into your own when considering eligibility.

The nature of the grant funding will impact your eligibility under the SME scheme. As a business, you can only receive one form of notifiable state aid per project.

Notifiable state aid is state aid that has been notified to, and approved by, the European Commission.

SME tax credits and some forms of grant funding are classified as notifiable state aid. As such, receipt of grant funding would restrict the scope of recovery under the SME scheme. However, you would still be able to make an application for tax credits under the RDEC scheme.      

We are happy to discuss the details of your grant funding and advise on the best approach for you.

For your SME R&D tax credit submission, you can expect to receive a benefit of between 14.35% and 33.35% of your qualifying expenditure, depending on your tax position. There is always the option to take the benefit at 24.7% but this may not yield an immediate cash benefit. This is, however, dependant on several factors, which our team would be happy to discuss with you as we learn more about your business.

A detailed explanation can be found here

Simply, if you do not qualify as an SME, and providing you are a UK company eligible to pay corporation tax, you are a considered a large company and will be required to submit an RDEC application to recover R&D tax credits.

For your RDEC R&D tax credit submission, you can expect to receive a benefit of approximately 10.5% of your qualifying expenditure.

A detailed explanation can be found here

Due to the broadness of the scheme, companies in every sector are carrying out qualifying activities, ranging from the development of new products to the integration of IT systems.

Put simply, if you’re trying to overcome a problem that you’re not sure how to solve, you may be doing R&D in the eyes of HMRC. If the statements below apply to your work, you could be eligible for a recovery:

  • Making a process faster or more efficient
  • Integrating various hardware or software to improve its functionality
  • Attempting to make an existing product in a more cost efficient or environmentally friendly manner
  • Developing an entirely new product, process or service

If you are unsure whether your activities qualify, please get in touch. We would be happy to guide you on your eligibility.

HMRC aim to process applications within 28 days. However, there have been many occasions where they have been processed faster and slower than this. Following the submission of your application, we will contact HMRC on your behalf to ensure the application is processed as quickly as possible.

Apogee Associates R&D Tax Credits

Don't just take our word for it...

Contact Us

Apogee Associates Limited
Unit 26
Stockwood Business Park
Stockwood
Nr Redditch
B96 6SX

Call: 07496 096 032
Email: info@apogee.co.uk

Open Mon-Fri 8:30-5:30

Contact Us

Apogee Associates Limited
Unit 26
Stockwood Business Park
Stockwood
Nr Redditch
B96 6SX

Call: 07496 096 032
Email: info@apogee.co.uk

Open Mon-Fri 8:30-5:30

© Copyright 2022 – Apogee Associates Limited.

Registered in England and Wales as a limited company. Company No. 12959508 – VAT No. 362018621