PNO Consultants

Call us: +44 161 488 3488.

Call us:
+44 161 488 3488

PNO is Europe’s largest independent
public funding advisory, annually raising
over €250 million on behalf of its clients.

PNO employs just under 250 staff
operating in 12 European countries.
In terms of core services, PNO is active
across the entire grant acquisition process.

R&D Tax Credits

Research and Development tax credits (R&D tax credits) are a company tax relief which can reduce a company’s tax bill. The aim of the tax credits it to encourage greater R&D spending in order to promote investment in innovation. Although the R&D tax Incentive has gained in popularity, research has shown that there are still organizations who feel the process is too complex or are not aware their activities qualify for R&D tax credits. The financial benefit of the scheme can be significant if the right approach is adopted.

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Eligible costs

Companies can claim R&D Tax Credits for their revenue expenditure on:

  • Employing staff directly and actively engaged in carrying out R&D
  • Paying a staff provider for staff provided to the company who are directly and actively engaged in carrying out R&D
  • Consumable or transformable materials used directly in carrying out R&D

The benefits of R&D Tax Credits

The R&D tax scheme works by allowing SME companies to deduct 225%, or 130% for large companies (>500 employees), of qualifying expenditure on R&D activities. SMEs that have been in a loss situation are allowed the alternative of a cash payment of up to 24.5% of the eligible R&D investment.

Our added value

Every year PNO serves more than 1000 clients to obtain tax credits, with a value of more than 500 million Euros of tax credits obtained over the last 10 years in multiple European countries. Other reasons to use PNO are:

  • PNO bring the right combination of technical and tax expertise to the project
  • An effective and proven methodology that embodies our expertise and experience
  • We maintain a strong relationship with HMRC on your behalf
  • Transfer the knowledge of the process to your staff
  • Substantially easing the burden on your technical and financial staff
  • Often we can increase the value of the claims compared to previous claims.
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