SPECIALIST R&D TAX CREDIT SUPPORT
We are a 9x award-winning team of R&D experts committed to helping innovative businesses grow. Turn your business’s innovation into real-world value. We help UK businesses claim tax relief for developing new products, processes, systems and devices.
We are proud fellows of UKRI and the EPSRC and offer either a fixed fee or percentage of award, fee structure, on a no-win-no-fee basis.
For almost a decade, we have delivered much more value back to UK businesses committed to innovation.
Specialist R&D tax credit support
Commercially focused claium guidance
Accountant & adviser friendly partnerships
UK-wide service for innovative businesses
9x AWARD-WINNING, INDUSTRY LEADING SPECIALIST SUPPORT
If your team is striving to solve a technical challenge, improve performance, or do something in a new way, you may be eligible for a research and development claim. Not sure if your projects qualify, complete the contact form to arrange a complimentary chat with one of our advisors.
WHO WE HELP
Products, design, prototyping and advanced production.
Bespoke software, AI, data systems, advanced CRM development and other digital solutions.
Complete design, modelling, simulation and site optimisation/innovation.
Life sciences, energy, materials, research and development etc.
Components, circuit boards, computers, communications and optical equipment.
Vehicles, trailers, bodies, electrical systems and components.
Ships, boats, leisure craft and marine vessels.
Aircraft, spacecraft and military transport equipment.
Motorcycles, bicycles, mobility products and specialist vehicles.
Medical, dental, diagnostic and surgical equipment.
Programming, consultancy, systems and infrastructure services.
Data processing, hosting, portals and online platforms.
Engineering design and technical services.
Testing, inspection, certification and materials analysis.
Biotechnology, engineering, physical sciences and experimental development.
Industrial, product, technical design, scientific and technical activities.
The project must seek to achieve an advance in overall knowledge or capability.
It addresses scientific or technological uncertainty that isn't easily resolved. What you might feel is routine work could count.
An ongoing process of investigation, testing, trial and error, seeing what works and what doesn't etc. If you are unsure, get in touch.
Tell us about the projects and work undertaken and we will quickly tell you if we feel the project qualifies.
Our specialists analyse the technical work and distil relevant info to prepare a robust R&D claim.
We meticulously prepare the claim figures along with a comprehensive technical narrative and submit.
We meticulously prepare the claim figures along with a comprehensive technical narrative and submit.
The Merged R&D Scheme is the principal form of R&D tax relief for eligible companies undertaking qualifying research and development. It applies to accounting periods beginning on or after 1 April 2024 and supports projects that seek an advance in science or technology while addressing genuine technological uncertainty. The scheme brings together elements of the former RDEC and SME regimes into a single expenditure-credit framework for most businesses. It is designed to reward companies that invest in innovation, improve products or processes, develop new technology or solve complex technical challenges.
Understanding which scheme applies, identifying qualifying activity and preparing the supporting technical and financial evidence can be complex. Hamilton Wood & Company provides a fully managed service, from the initial assessment through to claim preparation, submission and ongoing HMRC support.
Enhanced R&D Intensive Support, or ERIS, is designed for qualifying loss-making SMEs that commit a significant proportion of their expenditure to eligible research and development. The scheme recognises that innovation-led businesses often invest heavily in technical development before becoming profitable. Where the relevant conditions are met, ERIS may allow a company to enhance its qualifying R&D expenditure and surrender eligible losses for a payable tax credit. Eligibility depends on factors such as company size, loss-making status and R&D intensity, so a careful assessment is essential before a claim is prepared.
We deliver a fully managed R&D tax relief service, from initial assessment through to claim preparation, submission and ongoing HMRC support.
Get in touch today to confirm whether your business qualifies for ERIS and let our specialists manage the process with minimal demand on your time.
Relevant salaries, wages, employer pension contributions and secondary Class 1 National Insurance can qualify, apportioned to employees’ time spent on eligible R&D activities.
Qualifying contractor and agency-worker costs may be included, subject to the contracting, connection, location and apportionment rules applying under the Merged Scheme or ERIS.
Software licences and consumable materials used for qualifying R&D may be claimed, including a reasonable proportion where they also support ordinary business activities.
Fuel, power and water consumed directly in qualifying R&D can be included. This may cover an appropriate share of energy used to operate or heat testing environments.
Materials, chemicals, components and ingredients consumed or transformed during prototyping and experimental trials may qualify, allowing repeated development and testing costs to build substantially.
Testing undertaken to resolve scientific or technological uncertainty may qualify. Routine certification or regulatory approval after that uncertainty has been resolved will not normally qualify.
Developing new materials, processes or production techniques.
Building intelligent systems, algorithms and platforms to solve complex problems.
Innovating in design, modelling, simulation and building methodologies.
R&D in diagnostics, devices and life-enhancing technologies.
Improving efficiency, sustainability and new energy solutions.
WHY CHOOSE HAMILTON WOOD & COMPANY
Deep technical knowledge across multiple sectors.
We identify and capture every qualifying opportunity.
From discovery to submission and beyond, we've got you covered.
Robust, compliant claims that stand up to HMRC scrutiny.
We work seamlessly with your advisers and accountants.
We focus on outcomes that drive real value for your business
R&D Tax Credits offer financial benefits to businesses that invest in innovation through research and development. They can significantly reduce your tax bill or result in cash payments for eligible activities.
Any UK limited company engaged in R&D activities could qualify, including engineering firms, manufacturers, and software developers. If your team tackles scientific or technological challenges, you may be eligible depending on the scope of the project, company status and qualifying expenditure.
Eligible projects can include developing new products, processes, or services that involve innovation. This may also encompass improvements to existing offerings that involve technical advancements.
Hamilton Wood & Company manages the process from initial assessment through to preparing and submitting your claim, keeping the time required from your team to a minimum.
The amount varies depending on your eligible costs, which can include staff wages, materials, and utilities related to R&D activities. Claims can result in substantial tax savings or cash back.
Based on £100,000 of qualifying R&D expenditure for an accounting period beginning on or after 1 April 2024:
The exact value depends on your accounting period, tax position, qualifying expenditure, R&D intensity and applicable restrictions. Hamilton Wood & Company can quickly identify the correct scheme and provide a tailored estimate of the potential benefit.
For the R&D claims we agree to take on, Hamilton Wood & Company has maintained a 100% success rate. This reflects years of specialist claim preparation, careful eligibility assessment and a thorough understanding of the prevailing scheme rules and HMRC process.
By choosing Hamilton Wood & Company as your R&D tax relief partner, you can be confident that your claim will be properly assessed, professionally prepared and fully managed from start to finish. We handle the bulk of the work, keep your time commitment to a minimum and remain involved until the claim is finalised.
We also take on the full upfront cost of preparing and processing your claim. Our fair success-based fee is only due once we secure a successful result, which may take the form of a cash rebate—potentially received in as little as eight weeks—or a substantial reduction in your Corporation Tax liability.
Our support does not end when the claim is submitted. Should HMRC raise questions, select the claim for a compliance check or scrutinise any aspect of the submission, we remain on hand to provide the technical evidence, explanations and ongoing support required.
Choose Hamilton Wood & Company as your R&D partner and let our specialists deliver a properly prepared, fully managed claim with minimal disruption to your business and no upfront claim-preparation cost.
Innovation Deserves Recognition
