Frequently Asked Questions
What We Do
Our end to end service ensures we maximize your eligible tax credit claim for the innovation expenditure you’ve incurred
What is R&D Tax Relief?
R&D tax relief is a government scheme introduced in 2000 which acts as an incentive for businesses to invest in innovative projects in science and technology
Am I Eligible?
To qualify for the relief, companies must work on projects that aim to advance scientific or technological knowledge, products, or processes.
How Can I Claim?
We provide an end to end service including claiming R&D relief up to 2 years after the end of the accounting period it relates to by amending your enhanced expenditure on your CT600.
How Much Can I Claim?
Small or medium-sized enterprise R&D tax relief allows companies to deduct 230% of their qualifying costs from their yearly profit OR claim a tax credit if the company is loss-making, worth up to 14.5% of the loss.
When Do I Receive my Claim?
Once your claim has been submitted, you should receive your R&D Tax credits within a few weeks. HMRC aims to deal with 95% of claims within 28 days of receipt.
How To Make A Claim
Determining Your Eligibility
By taking the time to understand your business and how you work, we will be able to assess whether you qualify for a successful R&D Tax claim.
Preparing Your R&D Tax Claim
Our team of sector specialists will then analyse your business activities in greater depth to determine the full extent of your qualifying R&D costs to allow us to maximise your R&D tax claim.
Submitting Your Claim
Once we’re fully satisfied we’ve built a comprehensive and strong R&D Tax claim, our team will submit your application on your behalf.
Liaising With HMRC
Our tax agents are experienced at communicating with HMRC. We know how to make the process run as smoothly and quickly as possible. But rest assured, we’ll keep you in the loop at all times.
Receiving Your Reward
When your claim has successfully been processed by HMRC, you’ll receive your R&D Tax Credits, either as a reduction in your Corporation Tax bill or as a payment into your bank. And you are ready to kick-start the next stage of your innovation.
