R & D Tax Credits Claims

Thousands of companies are failing to apply for R&D Tax Credits. The value is usually worth tens of thousands of pounds and can be backdated.

It’s really important to understand when you can claim for Research and Development tax credits to make sure you don’t miss out.

You could be eligible to claim R&D tax credits if your company has:

  • Invested in improvements to an existing product, process or service
  • Or developing something brand new

Your R&D project does not have to have a successful outcome; you just need to be able to show the development from idea to conclusion.

This applies to UK companies, companies that have a UK branch (but are based elsewhere) and if they are members of an LLP.

Many companies have R&D activities that are so intertwined with their daily work that they fail to recognise it as Research and Development. Subsequently, they don’t consider it as an eligible cost under the R and D scheme.

How we help with R&D tax credit applications

We will:

  • Assess your company’s activities and costs, to see which ones qualify as ‘R&D’ under HMRC’s research and development scheme.
  • Submit a solid R&D tax relief claim to HMRC.
  • Recommend the precise record keeping requirements needed for an R&D claim.
  • Work with your current accountant.
  • Work with HMRC on your company’s behalf.
  • Assess current R&D claims in line with new HMRC guidance and their wider parameters of acceptability.
  • Advise on how to adjust accounting processes to increase the efficiency of making an R&D claim.

If you would like to learn a bit more about R&D tax credits before making an enquiry you can use our free Guide to Research and Development Tax Credits »

Claiming your R&D Tax Credits

The process of claiming R&D tax credits is not straightforward and it is important to have a complete understanding of HMRC’s legislation before starting the process.

At Tax Rebate Services our expertise is fully focussed on R&D tax credit claims and we tailor our expert knowledge to support businesses from all industry sectors.

Our qualified Chartered Tax Advisors are here to help you highlight your eligibilty and secure the maximum benefit from the R&D scheme.

We invite you to Get in touch today by filling in our contact form below or call us on 01228 520477.

 

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