Haven’t utilised R&D before?

At Urban Business Solutions, we’re dedicated to guiding companies through the intricate landscape of R&D tax relief, especially in light of the recent legislative changes that took effect from 1 April 2023. We understand that for businesses of all sizes, R&D tax credits are more than just an incentive; they’re a cornerstone for innovation and growth.

With the recent revisions, SMEs will see the additional tax relief available reduce from 130 percent to 86 percent, and for those that are loss-making, the cash R&D tax credit rate will decrease from 14.5 percent to 10 percent. However, we are well-prepared to help R&D-intensive SMEs navigate these changes and ensure they still receive the maximum benefit of 14.5 percent where applicable.

For larger organisations or those who exceed SME thresholds, there is a silver lining: the RDEC rate has increased from 13 percent to 20 percent. Our team at Urban Business Solutions is adept at strategising the best approach to capitalise on these new rates, ensuring that your business not only remains compliant but also secures the optimal fiscal advantage.

As these changes represent a significant shift, our role becomes even more crucial. We are committed to taking the onus of the full report process for your R&D tax relief claims, offering comprehensive services that include IP and grants reviews. Our aim is to create value for your organisation by turning these tax incentives into passive income streams, with our payment contingent upon your receipt of benefits.

We invite you to partner with us at Urban Business Solutions. Let us take the lead in maximising your R&D tax relief, empowering your business to continue pioneering with confidence and financial support in an ever-evolving market.