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XL Business Finance Blog » Blog Archive » TAX CREDITS FOR R&D SPENDING


If your business has spent more than £100,000 on R&D in the last five years, you may be eligible for Government Tax Credits, even if the project wasn’t completed.

We handle the claim on your behalf, submit information to HMRC and your credit can be available within 6 weeks.

Depending on your profit levels, there are two options:

  • For profit-making businesses, R&D tax credits reduce your Corporation Tax bill. The rate of relief is 25%. So if your R&D spend last year was £100,000, you could get a £25,000 reduction in your tax bill.
  • If you’re a loss-making business, you’ll receive your R&D tax credit in cash as you won’t have tax liability to offset. The rate of relief is up to 33%. So if your R&D spend last year was £100,000, you could get a £33,000 cash credit.

Contact us for more information and advice.

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XL Business Finance Ltd is a privately owned and independent business financing company with established links to many of the UK's leading finance houses. XL Business Finance provides a viable alternative to high street banks that lack the flexibility and imagination to provide a solution to most business users requirements. XL Business Finance can provide a full range of business financing solutions and we ensure a high level of customer service and pride ourselves on quick decisions. Our independent status will ensure any offer of funding and asset finance leasing is best suited to our customer’s needs.

XL Business Finance Limited are authorised and regulated by the Financial Conduct Authority FRN 718737. How to make a complaint

XL Business Finance, Eaton Place Business Centre, 114 Washway Road, Sale, Cheshire M33 7RF UK.


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