+ Contact

Ruth Banyard
Project Accountant
01326 254134
t.r.banyard@exeter.ac.uk

Your business may be entitled to financial incentives to help you access research and development (R&D) services from the University of Exeter.

Research and development tax credits

You may be eligible for financial incentives in the form of tax credits to help you access research and development (R&D) services from the University of Exeter.

To qualify for R&D tax credits your business must meet certain criteria. If you can answer YES to all the questions below it may be worth seeking further advice from your accountant.

  • Are you undertaking a project that seeks to achieve an advance in science or technology through the resolution of scientific or technological uncertainties?
  • Can you define clearly the advance you are seeking?
  • Can you state why the uncertainties were not able to be resolved by a competent professional?
  • Does your project have identifiable start and end dates?
  • Does your R&D relate to the current trade or one you intend to start up based on your R&D?

To be entitled to R&D tax credits the work must advance science or technology and the company must be liable to corporation tax.

You can calculate the amount of tax credit you may be entitled to using an R&D tax credit calculator from Francis Clark.

There are numerous research and development relief schemes. For more information please see our R&D tax credits factsheet. There is more information on the HMRC website.

HMRC Research and Development (R&D) tax credits are the largest single source of Government support for business research and development.

We also have a number of funded services that could help your business.