R&D Tax Credits
There are two schemes available to claim the relief; SME (Small-Medium Enterprise) scheme, and the Large Company (Research and Development Enhanced Credit, RDEC). Companies who invest in R&D activity, are eligible for a cash payment, a reduction in corporation tax, or increased losses.
If you’re wondering whether an application is worthwhile, in April 2015, the government increased the incentive for SME’s, to 230% of qualifying expenditure, up from the previous 225%. In October 2016, further support was pledged by the Government to CBI, of £2bn of funding to be invested in R&D by 2020.
The average R&D Tax Credits claim for an SME in the UK is £60k!
Over the years, we have developed and mantained a client-focused approach to claiming R&D Tax Credits. We prioritise flexibility and good time-management. We aim to take minimal time from the client, and essentially, do the hard work for them. Our process works, and is, in part, why we have maintained a 100% success record in our time of providing support in making these claims.
Our contingent fees are one of the most competitive in the sector, and are reimbursed in the unlikely event that the claim is denied by HMRC. There is nothing to pay until an engagement has been formally agreed and it’s success based – ‘no-win-no-fee’!
Identify qualifying expenditure
After initially confirming eligibility, we identify qualifying R&D expenditure, according to HMRC rules. As specialists, we eliminate the chances of error i.e. including incorrect expenditure which fails to qualify as R&D – something that can raise an enquiry with HMRC if not done correctly.
Calculate qualifying costs
We calculate and maximise qualifying costs against which you can claim. Without specialist advice, there may be a tendency to over or underestimate qualifying costs. With detailed knowledge of what does and does not qualify, we can save you time and ensure that the correct costs are being claimed, and maximised.