ARE YOU PART OF THE 68.5% OF BUSINESSES THAT MISS OUT ON RESEARCH AND DEVELOPMENT TAX RELIEF EACH YEAR?

We offer a friendly and professional approach to R & D Tax Credits which includes:

✔️ A FREE no obligation initial review.

✔️ 100% Success Rate.

✔️ 30 Day QUICK turnaround.

Complete the quick enquiry form to receive a no-obligation review of your R & D Tax Relief claim.

What is Research and Development Tax Relief?

R&D Tax Relief is a government scheme offering tax relief to UK based companies. It is a Government reward for organisations that invest in innovative projects or/and services, which lead to an advancement in their field of operation.

How To Get R & D Tax Credits

If your company qualifies for R & D Tax Credits, it can be used to reduce their tax liability or increase taxable losses.

If your business is undertaking R&D activity in relation to a specific project (even if the project is unsuccessful in the end) and the R&D activity meets the definition of qualifying R&D, then you could be eligible for this additional tax relief.

The definition of qualifying R&D is purposefully broad. Whatever the size or sector of your company, if your company is taking a risk by attempting to ‘resolve uncertainties’, then you may be carrying out qualifying activity.

If these conditions apply to your project, you can claim R&D tax credits on day-to-day costs and qualifying expenditure, including costs for staff, subcontractors, materials, software and utilities.

Relief can be as much as 230% of qualifying R&D costs if you are a small or medium sized enterprise.

How Much You Can Claim

If you fall under the definition of a small and medium sized enterprise (SME) you can deduct an extra 130% of qualifying costs from annual profits, in addition to the normal 100% deduction – making the total deduction 230%

If the company is loss making you can claim a tax credit worth up to 14.5% of the surrenderable loss.

Large companies can claim a Research and Development Expenditure Credit (RDEC). The RDEC is a tax credit for 11% of your qualifying R&D expenditure.

“Qualifying Activity”:

  • Creating new products, processes or services.
  • Changing or modifying an existing product, process or service.
  • Activities aimed at obtaining new knowledge.
  • The search for alternatives for materials, devices, products, processes, systems or services.

We offer national coverage and exception value

Example Claim..

XYZ Ltd had annual profits of £200,000 and qualifying R&D expenditure of £65,000 in the financial year 2016/17.

How much R&D relief do they get?

Qualifying R&D expenditure identified by us- £65,000
Deduct from annual profit – £200,000 – £65,000 = £135,000
Additional R&D Relief – £65,000 x 130% = £84,500
Revised taxable profits for 2016/17 – £135,000 – £84,500 = £50,500

Total R&D credits. 230% – £65,000 + £84,500 = £149,500

Previous Tax Payable (19%) – £38,000

Revised Tax Payable (19%) – £9,565

How We Help..

We help companies across all sectors with claiming R&D relief, leaving them with more cash to re-invest into their business.

Our Team of Chartered Tax Advisers ensure you have a robust claim that identifies qualifying R&D and the associated costs.

We can assist in preparation of the R&D claims and submission of the claim to HM Revenue & Customs.

We handle the R&D Claim from start to finish & we produce the technical report on your behalf that helps R&D Tax inspectors understand your work and approve the claim

If you’re involved in the innovation of new or existing products or services, you may be eligible to make a claim.

Want to make a claim today?..

We offer a friendly no-obligation review of your business to see if you can claim R & D Tax Credits