Supporting Innovation In Scotland
Specialists in R&D tax credits, providing comprehensive, local and personal support for innovation in Scotland.
SME Additional Tax Deduction
RDEC Gross Tax Benefit Rate
The R&D tax credit scheme from HMRC promotes and fosters innovation in Scotland and across the UK for small and large businesses.
SMEs have the potential to receive a tax deduction of up to 86% on their additional qualifying R&D expenses, while large enterprises can benefit from the RDEC scheme’s 20% gross tax benefit rate on all eligible R&D spending.
Amplifi Solutions has been an R&D tax credit specialist since 2014, and we committed to Scotland innovation in 2019 when we opened our Edinburgh office. Over this time, we’ve built up a substantial wealth of R&D knowledge, practical experience, and a skilled team that includes:
Collectively, we collaborate with businesses, accountants, and investors throughout Scotland and the rest of the UK, offering a meticulous, judicious, and all-encompassing claims service that promotes innovation and growth.
With our R&D tax credit service, every client involved in Scottish innovation will gain the following benefits:
HMRC offers support innovation in Scotland on projects that aim to address “scientific or technological uncertainties.”
This occurs when a company with legal incorporation identifies a gap or problem in the market and hires a skilled expert (competent professional) to conduct investigative research, hoping to discover an unknown solution to the identified gap or problem. This exploratory endeavour could potentially qualify them for the incentive.
Innovation and solutions, regardless of their success, are eligible if they contribute to the advancement of scientific or technological knowledge in a specific field. Even unsuccessful attempts provide valuable insights by highlighting what does not work.
Projects must fall into one of the following categories:
During the “uncertainty” phase of a Scottish innovation project, you can claim five eligible R&D expenses that must be directly related to the R&D project.