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R&D Tax Credits in Care Homes

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    R&D Tax Credits Calculator

    What is your current financial position?
    Annually, how much do you spend on innovation?

    £ 50,000

    Claim Value
    Estimation

    £12,350

    (This figure may vary depending on your actual reported figures - our R&D tax credit calculator is intended as a guide only.)
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    claims within the Care Home Industry

    There are countless opportunities for R&D within the care sector – from software development to cleaning products, food products to a new light bulb – the only catch is that you are doing something innovative without a guarantee that it will be successful – this means that care homes have many ways to qualify for R&D!

    Get in touch today for a free, no-obligation consultation with one of our specialists to find out what activities your business conducts which may qualify you for R&D tax relief.

    R&D tax credits are a government incentive designed to encourage innovation across multiple industries. This is an opportunity for you to reduce your corporation tax bill or receive a refund from HMRC based on the number of working hours your business dedicates to Research & Development.

    SME’s can claim back a significant percentage of the costs associated with R&D. That’s up to 27p back for every £1 spent on qualifying R&D activities. To get an idea of how much you could be refunded, check out our handy online calculator.

    What are examples of claimable projects within the Care Home Industry?

    The R&D tax credit scheme was introduced to reward UK businesses tackling scientific or technological uncertainties within their industry. With this being such a broad description of eligible R&D, we have listed a few handy examples of eligible projects to help familiarise you with what type of projects can qualify.

    A new cleaning
    product

    A new food
    product

    Creating bespoke
    furniture

    Research alongside
    Universities

    If you are in the Care Home Sector/Industry and have been involved in creating a unique process, resolving an uncertainty, or anything else which you suspect may qualify due to being an innovation, we urge you to get into contact with us so that we can help you with your claim!

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    Ready to embark on your R&D journey? Our team of friendly experts are eager to help your business excel. Whether you have groundbreaking ideas or technological challenges, we’re here to support you every step of the way. Take the first step by using the button below to get in touch with our team today.

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