R&D Tax Credits Leeds
The software underpinning RDRelief was sold to one of the big-4 professional service firms in 2018. Consequently, the brand is no longer in operation.
- R&D Tax Advisors are invited to find out more about the Inspired.tax claim preparation software.
- Otherwise, please feel free to continue to browse this website for useful information regarding claiming R&D Tax Credits in the UK. However, beware that none of the information has been updated since 2018.
Overview of R&D in Leeds
With over 3M people within the wider city region, Leeds is the largest city in Yorkshire and has undergone major redevelopment in recent years.
Leeds is the largest legal and financial hub outside of London, hosts the head offices of some of the largest and most successful retailers in the country and has countless innovative start-ups. It is a city that is ripe with R&D, even in the many industries that you may not typically expect to find it.
Online Claim Supported by Local Experts
RD Relief's Cloud-Based platform is revolutionising the R&D Tax Credits claim process.
Companies across the UK are eligible to use the RD Relief self-service claim platform, but (if required) our R&D Tax Credits experts in Leeds will be there to provide a helping hand.
Please get in touch to speak with one of our R&D Tax Credits experts about your claim.
How Much Are R&D Tax Credits Worth?
Estimate Your Claim Benefit
| Simple Calculator | More Accurate Calculator |
|---|---|
| Does the company (including other group members), have more than 500 employees? | |
| Yes | No |
| Financial Position? | |
| Profit Making | Loss Making |
| Accounting Treatment of the R&D Costs? | |
| Mostly Expensed to the P&L | Mostly Capitalised as Intangibles |
| Which of the following best describes what you are developing? | |
| An asset of enduring benefit to the business | A product, or something that will contribute to a product |
| Are you a Services Company? | |
| Yes | No |
| Estimated spend on R&D Activities? | |
| £50,000 | £200,000 |
Complete all sections to see the potential benefit of a claim
Prepare Your Claim Online
The R&D Tax Credits claim benefit calculator is for estimation purposes only. For convenience, it makes high-level assumptions and in no way guarantees that a claim is possible, or what the actual claim values may be.
This calculator assumes all expenditure is incurred prior to the 1 Jan 2018 RDEC rate increase (from 11% to 12%).
The UK's Largest Legal and Financial Hub Outside London
Figures published in June 2017 revealed that Leeds has the fastest growing legal sector in Britain - with a growth of 20% between 2010 and 2015 (compared with a growth of 5% in London and a decline of 7% in Manchester).
R&D tax credit claims for financial services companies in Leeds have been common since the first release of the UK R&D guidelines in March 2004, but legal firms have traditionally been less likely to claim R&D tax relief. This is partly owing to many such firms being structured as LLPs, which are not corporation tax paying, and thus not eligible to claim R&D tax credits. However, where legal entities have corporate tax development arms there is a key opportunity for a claim. Please get in touch to find out more
R&D Tax Credits for Retailers in Leeds
Main article: R&D for Retail Projects
Leeds hosts the headquarters of a number of successful retailers, many of which are developing proprietary software architectures and integrating technologies in new and unproven ways. These are areas we have found to be highly eligible as R&D for Tax purposes. Find out more about R&D for Software Development projects
Fintech in Leeds
Main article: R&D for FinTech Projects
Leeds has a very successful FinTech sector. Our R&D Tax Credits experts have helped many FinTech companies prepare claims and have found that companies are often developing cutting-edge capabilities, especially for trading, brokerage and retail banking systems. We often find that the development of FinTech software gets missed, as companies incorrectly assume that the criteria are looking for more rocket science type activities. However, improving legacy finance systems and integrating software systems typically qualifies, but see the eligibility criteria for the official guidance and our opinion on what qualifies.
Other Examples of R&D in Leeds
Within Leeds alone, our R&D specialists (who were former industry experts) have found highly eligible R&D industries including:
- A small travel agency - through the software development of a holiday booking system
- A cheese factory - through the development of culturing machinery which worked in a fundamentally different way to equivalent technology
Thorpe Park
Thorpe Park is a significant and rapidly increasing business park on the east of Leeds city centre. Already hosting over 4,500 employees, plans are in the pipeline for another 10,000 workers within the next few years. We have found that many of the businesses within the park are undertaking work that qualifies for R&D Tax Credits through their software development projects (many of these businesses did not previously know that they were undertaking work that would qualify for R&D Tax Credits).
The Home of RD Relief
RD Relief is extremely proud to be headquartered in the city of Leeds. Our team has undertaken R&D tax credit claims for many local Leeds clients and has strong connections with businesses across the wider Yorkshire region. Please get in touch to find out more, or to find out more about RD Relief and our offerings.
About Us
RD Relief is the advanced online cloud platform that helps clients across the UK to prepare maximised R&D Tax Relief claims.
We bring together advanced cloud-based software with leading industry experts in Leeds (and across the North East) to simplify the process, lower the cost and increase the quality of deliverables.
Find out more about our unique claim process or calculate how much a claim could be worth.