FUND THEIR INNOVATIONS
With nearly £3.5bn of R&D tax relief being claimed by more than 39,000 UK businesses last year,
you could be almost certainly be among those who are eligible for the benefit.
What Is An R&D Tax Credit Claim?
How Do R&D Tax Credits Work?
R&D tax credit claims are designed to reward investment in innovation and transformation within UK limited companies. Essentially, any expense made in the way of accelerating business growth can be incentivised – even if it derives no direct business benefit. These claims are often valuable sources of cash for businesses, yet few know that they qualify, or the ease with which it can be claimed.
Companies that spend money developing innovative products or processes (either new or existing) are eligible to claim the relief; this can be received either as a cash payment or Corporation Tax reduction. The umbrella by which R&D is covered is enormous – in fact every sector can qualify for R&D in some way or another, and often means that expenses such as salaries, software and even rent on office properties can be credited. If you’re not sure, it’s always worth checking – often people are amazed by what they can recover and the cash reward that they can access from what appears to them to be common business practices such as developing a CRM system to reduce food waste in the office kitchen.
”We transform innovative businesses with R&D incentives to accelerate growth exponentially via maximum cash credits or tax reduction. Our R&D Tax Credit experts assess eligibility and ensure fully maximised R&D Tax Credits for innovative businesses. We capture all of your claimable R&D expenditure, making the whole arduous process of R&D claims feel seamless.”
FROM BEGINNING OF CLAIM UNTIL PAYOUT
1) NOTIFY US OF YOUR INTEREST
2) PROVIDE US WITH THE EXPECTED PAPERWORK – WE CAN HELP WITH ANY GAPS IF NECESSARY
3) ALLOW US TO COMPLETE AN AUDIT OF YOUR ACCOUNTS AND EXPENSES
4) PRODUCE AN EXPENSES LIST AND REVIEW WHICH EXPENSES ARE R&D APPLICABLE
5) CREATE A REPORT BASED ON AGREED EXPENSES – THIS GOES THROUGH OUR STANDARD REVIEW PROCESS AND IS THOROUGHLY SCRUTINISED
6) SEND OFF THE CLAIM TO HMRC – WAIT UP TO FOUR WEEKS FOR THEIR RESPONSE
7) PROCESS YOUR PAYOUT WITHIN ONE WEEK
Our R&D Tax Credit Experts Can Assist You Throughout The Process To Revolutionise Your Business With R&D Incentives.
No Minimum Claim
There are no minimum claim requirements, nor are there any claim ceilings – the sky is the limit
We can claim back credit for
the last two years
Entitlement for all business sectors and sizes
Incentives for businesses for technological development and innovation
Broad range of costs are eligible, including rent, salaries and software
Even companies that are loss making or paying small amounts of Corporate Tax can still claim