R&D Tax CreditsHelping businesses claim tax credits for research and development activities.

As a key incentive for businesses engaged in innovation, Research and Development (R&D) tax relief has provided valuable support for companies across the UK for years. However, the landscape is shifting. Starting from 2025, the UK government is introducing significant changes to the R&D tax relief system that companies need to be aware of in order to maximise their claims.

For accounting periods beginning on or after 1 April 2024 (with a year-end of 31 March 2025 or later), companies will now access R&D tax relief through one of two revised mechanisms: the new Research and Development Expenditure Credit (RDEC) or the Enhanced R&D Intensive Support Scheme (ERIS).