Queen's Lane Consultants

Queen's Lane Consultants Queen’s Lane Consultants is a UK-based tax advisory firm. Making R&D Tax Credits accessible
to comp

08/04/2026

Many people don’t know about R&D tax relief! These are the 5 hacks you MUST KNOW!

•R&D Tax Relief can cut your corporation tax bill if your UK company is doing work to achieve an advance in science or technology by resolving technical uncertainty (not just general “innovation”).

•You can claim each year for each accounting period where you have qualifying R&D activity and costs.

•You can still claim if you are loss making. In many cases, you can surrender the R&D related loss to HMRC for a payable cash credit instead of only carrying the loss forward.

•Failure can still qualify. If you were genuinely trying to resolve technical uncertainty and you tested approaches that did not work, the R&D work can still be eligible.

•Most claims are driven by people costs. Staff time is often the biggest category, plus other directly related spend like subcontractors, consumables, and software when it is used for the R&D activity.

01/04/2026

•If your company qualifies for R&D tax relief, you can claim extra tax relief on eligible R&D spending, which reduces your taxable profits and therefore your Corporation Tax bill.

•For some loss making companies, qualifying R&D can generate a payable credit, meaning you may receive cash back instead of only reducing tax.

•The relief is based on qualifying R&D expenditure, such as relevant staff costs and certain software or consumables used in the R&D work.

•The definition of qualifying R&D is specific: it must be work that seeks an advance in science or technology by resolving scientific or technological uncertainty, not just general product development or “innovation.”

Get in touch today to start your R&D Tax Relief Claim

24/03/2026

Unconnected subcontractors and the 65 percent rule:

•If the subcontractor is independent, meaning not connected to your company, you can usually include 65% of what you paid them in your R&D qualifying costs. 

•This is a restriction on the cost, so you do not automatically claim the full invoice value. You apply the 65 percent cap to the relevant payment. 

•It only applies to the part of their work that supported your R&D project, so if the subcontractor did a mix of R&D and non R&D work, you should apportion first and then apply the 65 percent. 

•The subcontractor does not have to be doing R&D themselves, as long as their work was needed to help deliver your qualifying R&D activities. 

•Evidence wise, keep the invoice and a short description of the deliverables that shows how the subcontractor work linked to the R&D project.

Address

4 Manchester Square
London
W1U3PD

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

+442080626837

Website

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