# R&D tax credits

Last updated: 2026-09-25

# R&D tax credits

### An extra valuable cash source to eligible companies that ultimately helps growth

### *We help maximise the claim*

Research and development (R&D) tax credits are a government incentive aimed at rewarding and facilitating innovation for UK companies. They provide an extra valuable cash source to eligible companies that ultimately helps growth not only in the company, but the UK economy.

Companies investing in either new or improving products, processes or services are eligible for R&D tax relief. Due to this, R&D qualifying activities can exist in any industry. The important factor in establishing eligibility is through verifying true innovation. Therefore, it’s important to partner with an accountancy provider who understands HMRC’s strict requirements.

At LYA, we have invested heavily in developing an R&D tax product focused on SME’s. We have a rigorous process that is conducted through a series of interviews to establish if your activities qualify for R&D. We can then help maximise the claim by a thorough interrogation of your business numbers.

We have partnered with a variety of industry leaders who hold PhD qualifications, allowing us to perform an objective analysis on the innovation aspect of your R&D projects. This in particular helps show HMRC you have been prudent around the notorious ‘Competent Professional’ requirement.

We then take care of all the tax work and write the technical narrative sent to HMRC. This allows you to recover up to 33p for every £1 spent on eligible expenditure.

#### View more services

- [Outsourced finance function 01](https://loveyouraccountants.com/services/outsourced-finance-function)
- [Accounting & tax compliance 02](https://loveyouraccountants.com/services/accounting-tax-compliance)
- [Bookkeeping, payroll and auto-enrolment solutions 03](https://loveyouraccountants.com/services/bookkeeping-payroll-and-auto-enrolment-solutions)
- [Strategic business development 04](https://loveyouraccountants.com/services/strategic-business-development)
- [SEIS/EIS tax relief 05](https://loveyouraccountants.com/services/seis-eis-tax-relief)
- [Tax Investigation Insurance 06](https://loveyouraccountants.com/services/tax-investigation-insurance)

### You can count on us to make your accounting worries disappear in **4 easy steps**

**Our onboarding process is extremely simple; the steps below can be tailored to your requirements.**

![](https://loveyouraccountants.com/images/services/step-illustration.svg)

Step 1

Initial meeting  

We provide a free consultation to understand the pain points of your business and explore different options  

[Contact us](https://loveyouraccountants.com/contact)

Step 2

Sign up  

After creating a plan, we agree an ongoing fee to implement an efficient management process to look after your personal and company finances

[Contact us](https://loveyouraccountants.com/contact)

Step 3

Re-work and re-engineer the processes  

After implementation, the initially drafted process plan is amended as needed to ensure optimum efficiency and clarity over strategy

[Contact us](https://loveyouraccountants.com/contact)

Step 4

Supporting you going forward  

Depending on your needs and size we will look to provide holistic support across the business which can include looking after your finances and coaching

[Contact us](https://loveyouraccountants.com/contact)

Step 1 Initial meeting  
We provide a free consultation to understand the pain points of your business and explore different options  
[Contact us](https://loveyouraccountants.com/contact)

Step 2 Sign up  
After creating a plan, we agree an ongoing fee to implement an efficient management process to look after your personal and company finances  
[Contact us](https://loveyouraccountants.com/contact)

Step 3 Re-work and re-engineer the processes  
After implementation, the initially drafted process plan is amended as needed to ensure optimum efficiency and clarity over strategy  
[Contact us](https://loveyouraccountants.com/contact)

Step 4 Supporting you going forward  
Depending on your needs and size we will look to provide holistic support across the business which can include looking after your finances and coaching  
[Contact us](https://loveyouraccountants.com/contact)