By entering the figures below the TBAT R&D Tax Credit calculator will work out the relief you should be claiming from HMRC. This can be done for the current financial year and the 2 previous years.
This number represents the tax benefit to your company. It could be refund of tax already paid, a tax bill reduction or a repayment from cashing in losses.
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Please select how many employees your company has
Please enter numerical values only
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This calculator is indicative only and for information purposes. It should not be used as a basis for calculations submitted in your tax return to HMRC. Please contact TBAT for more detail.
The Large Company Scheme is complex, especially if the company is loss making. HMRC has a 7 step process to work out any credit payable. Please contact us for a detailed analysis
R&D Labour costs - PAYE costs only - no dividend. For each person involved with R&D, add their gross salary, pension and bonuses and multiply by the percentage of their time on R&D activities - think about those in design, manufacturing, QA and Test as well as management input.
These are typically one-off costs for materials used in R&D activities and do not get put onto the balance sheet
Where you ask an external company/organisation to undertake some work on the project for you
Those costs you pay for externally provided staff to work in your company and who work on R&D. Again, you can use a percentage of their time
This is your company Net Profit before Tax