£88k reduction in Corporation Tax for Accountant's Buckinghamshire-based client
An Accountant client of Croner Tax asked for support in confirming the eligibility to claim R&D Tax Credits of one of their Buckinghamshire-based clients, who supply fittings to a number of international airlines. We met with the Accountant and his £8m turnover client, and confirmed (a) that they were indeed eligible, as they were standing the risk / cost of the development work they undertook, were seeking advances and using technology to overcome uncertainties and (b) ‘sized the prize’ i.e. confirmed what the tax save / recovery would be from claiming.
If you need advice on claiming R&D tax credits, please get in touch with the expert team here at Luvo and we’ll be happy to help.