R&D tax credits
We help businesses claim R&D tax credits from HMRC
R&D Tax credits are HMRC's way of rewarding innovation and fuelling growth, giving you the power to transform your business. We offer a no-win
no fee structure that lets you quickly find out what you
could claim.
R&D tax credits explained
Research and development (R&D) tax credits are a Government incentive to reward UK companies for investing in innovation. They give companies a boost to their cashflow, allowing them to invest in accelerating their R&D, hiring new staff and ultimately growing.
We have claimed back almost £10m for our customers so far!
Qualification Criteria
Be a Limited company in the UK that is subject to Corporation Tax.
Have carried out R&D.
Have spent money on these projects.
Types of businesses?
We have acted for every type of business from wine makers to engineering companies, digital development and financial services.
If you do R&D, we can check if you qualify.
What is R&D?
HMRC's rule set is purposefully broad; if you are taking risk to solve "scientific or technological uncertainty" then you may qualfiy.
Your work doesn't have to be succesful and can include work undetaken for a client.
Qualifying Expenses
1. Staff - Salary / NIC / Pension / if paid on PAYE
2. Subcontractors & Freelancers
3. Materials & Consumables
4. Some types of software
5. Clinical Trial costs
% attributable to project, e.g. if 25% of a person's time is on a project, you can claim 25% of their costs.
01234 619242
How we help
We offer a free consultation to discuss your business and the projects you run. Many think this work, often referred to as "day to day" may not qualify as a scientific or technological advance, but often they do.
At the end of our consultation, we will guide you to as to what to expect in terms of a reduction in corporation tax and/or cash credit from HMRC for the expenses you have incurred.
Interview
We interview you to learn about your research projects. We also look at your statutory accounts
Write up
We write up your research projects in the format required by HMRC
Calculate
We do the sums, working out what you can claim
Submit
We either submit your claim to HMRC for you, or work with your accountant to submit it