Research & Development (R&D) Tax Credit Loans
Gain access to your future R&D Tax Credit payment now, not later.Start Your R&D Application Now
Straightforward loans that use your future R&D Tax Credit payment as collateral in four simple steps.
What does R&D stand for?
R&D stands for “Research and Development”. A business undertaking research and development activities are essentially seeking to innovate, improve or introduce new products and services. Whilst it is a pre-requisite that the outcome of such activities should be uncertain and carry a significant degree of risk, the ultimate goal for a business is often to improve performance to ensure future competitiveness and growth.
What is an R&D Tax Credit?
A research and development Tax Credit is a cash payment provided by HMRC to eligible companies. Companies include their claim for an R&D Tax Credit when they file their accounts and submit their CT600 to HMRC at the end of their financial year. R&D Tax Credit incentives are intended to reward UK companies that are investing in innovation.
What is an R&D Tax Credit Loan?
An R&D Tax Credit Loan is a financial service that allows your business to use future R&D Tax credit payments to gain access to an affordable loan. With an R&D Tax Credit Loan from Buzz Capital, you can gain the money to drive your business forwards now. Our team help you beat the inflexibility of the Government incentive with fast access to the Tax Credits you are entitled to.
What types of companies are eligible for an R&D Tax Credit?
R&D Tax Reliefs have been set up by the Government to support companies that work on innovative projects in science and technology. The Tax Credits can be claimed by a range of companies that seek to research or develop an advance in their field, no matter what industry that may be. Relief can even be claimed on unsuccessful research and development projects.
The requirements for qualifying R&D Tax Credits
To gain R&D Tax Credits, your company must have:
-looked for an advance in science & technology
-had to overcome a level of uncertainty
-tried to overcome this uncertainty through R&D
-could not be easily worked out by a professional in the field
For more information, we recommend you take a look at the HMRC website here
When would I receive an R&D Tax Credit from HMRC?
Once you have filed your CT600 at the end of the financial year, HMRC aims to pay a Tax Credit within 28 days. However, in reality, it can often take them much longer than this due to various influential factors. If you want access to the funds right away, Buzz Capital can provide you with a quick R&D advance so you can cut out the financial waiting game.
How are R&D Tax Credits calculated?
Buzz work with your existing accountant or R&D Tax relief advisor to calculate how much your R&D Tax Credits should be worth. Usually, it equates to around a third of the total money you have spent on eligible research & development activities.
How much can I borrow against an R&D Tax Credit?
Once we have a clear idea of how much your R&D Tax Credit is worth, we can advance you up to 75% as a cash payment directly into your bank account. You can then use the advanced cash to help your business grow; whatever way that may be.
How long does it take to get an R&D Tax Credit Loan?
Whilst a number of factors can influence the process, we aim to have the funds in your business account within a matter of days. You can beat the waiting game for your R&D tax exemptions with Buzz.
Why wait for your future Tax Credits when you can have them today? We help increase your business’ cash-flow through an affordable advanced loan.
If you have any questions surrounding R&D Tax Credit Loans, then give us a buzz! A friendly member of our team will be happy to help with any queries you may have.
The Team at Buzz Capital were very quick to assess and approve our loan. We were very impressed by their transparent process and well-informed approach to setting up the funding facility. Highly recommended for start-ups looking to access capital against R&D refunds.