Swanson Reed R&D tax credit UK

Swanson Reed is a specialist consultancy firm whose focus is on helping companies in the UK (and elsewhere) to successfully claim Research & Development R&D tax relief. They provide end-to-end support: assessing eligibility, preparing the claim, helping with technical documentation, handling HMRC reviews or audits, and generally reducing the risk for businesses making R&D claims.

What is the UK R&D Tax Relief Scheme?

The UK’s R&D tax relief scheme is a government incentive to encourage businesses to invest in innovation. It helps companies offset some of their costs involved in developing new or improved products, processes or services, particularly where there is technological uncertainty or a level of experimentation. Qualifying expenditure can include staff wages, materials or consumables, subcontractor costs, software, and other direct R&D costs

There are two main schemes:

• SME R&D Relief for smaller businesses (subject to certain financial thresholds) allows an enhanced deduction of qualifying R&D expenditure, which can lead to reduced corporation tax or even cash payments if the company is loss-making

• Research & Development Expenditure Credit (RDEC) for larger companies.

How Swanson Reed adds value

Swanson Reed claims to process a large number of claims each year and offers specialist expertise aimed at maximizing the benefit while keeping risk low.

They emphasise:

• Eligibility assessment: Helping companies identify whether their projects qualify under the HMRC’s rules (technological advance, uncertainty, etc.).

• Documentation and claim preparation: Preparing robust technical reports and financial documentation, to satisfy HMRC requirements