If you own a limited company that has been trading for more than 12 months and have developed new, or improved existing products, processes, systems, services, devices or materials, then there is a significant chance you will be eligible to claim for Research and Development Tax Relief.
Irrespective of whether your company is currently making a profit or operating at a loss, a claim could still be possible.
If you are still unsure whether you would be eligible for a claim or would like to discuss in more detail how this relates to your business please get in touch on 0300 303 1903.
What can I claim for?
Typical claim items include staff costs, materials, utilities, reimbursed travel costs and sub-contractor costs. As a specialist R&D firm, we have a detailed understanding of Research & Development practice and legislation and will conduct a detailed audit of your business to ensure that every opportunity for Research & Development tax relief is identified.
What is HMRC’s role?
Government created Research & Development legislation as an incentive to encourage businesses that are developing new, or appreciably improving existing, products, processes, systems and materials — and thereby increasing the country’s wealth creation capacity.
HMRC’s regional departments will analyse and check R&D reports and the costs identified.
HM Revenue & Customs are therefore very skilled at processing these claims. Our specialist advisers liaise with them daily, on your behalf, and in the unlikely event of any issues being raised it is part of our commitment to you to resolve these.
Are there any additional costs?
We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.
Also, we do not charge for submission fees so there will be no surprises when it comes to your claim being filed with HM Revenue and Customs. We also offer all clients 6-year report protection as part of our service.
Use our calculator to find outhow much Capital Allowancestax relief you are entitled to