Engineering

R&D Tax Case Studies

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EngineeringAll Sectors

Fiorda Credit

Risk Management

The company is an independent body working in the fetilizer sector. They developed their own risk management and analysis software using artificial intellgience to automate machine learning.

RSL came in and helped them analyse their project, identifying the costs and the areas they could claim for saving them £8,632 in that year.

How does it work?

In the example the business has spent £16,000 in qualifying Research and Development Tax expenditure.

This expenditure is multiplied by 130% to give the enhanced expenditure amount of £20,800.

The enhanced expenditure is then subtracted off of the company's loss figure of £22,000. This leaves the company with a increased loss level of £42,800.

This creates a tax saving of £8,632.

Location
Risk Management
Turnover
£0
Location
Loss Making - Tax Credit
Location
UK Wide

R&D Calculation

Profit Making Business
Company Info
Company Turnover
£0
Original Taxable Profit
£22,000
Corp Tax Bill Before R&D
R&D Expenditure
Staff Costs
£6,000
Materials
£0
Subcontractor Costs
(@65%)
£10,000
Agency Workers
(@65%)
Software
Total Expenditure
£16,000
R&D Calc Figures
Enhanced Expenditure
£20,800
(@130%)
Reduced Profit Level
Corp Tax Bill After R&D
Total Tax Saving
*Please note these figures are representative of the claim. We do not put exact details of previous clients online.

R&D Calculation

Loss Making - Carry Forward/Back
Company Info
Company Turnover
£0
Original Loss Made
£22,000
R&D Expenditure
Staff Costs
£6,000
Materials
£0
Subcontractor Costs
£10,000
(@65%)
Agency Workers
(@65%)
Software
Total Expenditure
£16,000
R&D Calc Figures
Enhanced Expenditure
(@130%)
£20,800
Total Effective Loss
£42,800
Total Tax to Carry Forward/Back
£8,132
*Please note these figures are representative of the claim. We do not put exact details of previous clients online.

R&D Calculation

Loss Making - Tax Credit
Company Info
Company Turnover
£0
Loss Made
£22,000
R&D Expenditure
Staff Costs
£6,000
Materials
£0
(@65%)
Subcontractor Costs
£10,000
(@65%)
Agency Workers
Software
Total Expenditure
£16,000
R&D Calc Figures
Enhanced Expenditure
(@130%)
£20,800
Total Effective Loss
£42,800
Tax Credit
£6,300
(@14.5%)
*Please note these figures are representative of the claim. We do not put exact details of our clients online.
Want to calculate your own?
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