Create a positive cycle of investment
R&D Credit is an initiative by the UK government to support the businesses that are contributing to innovation. Such companies can either claim for tax reduction or for a tax refund. R and D tax claim is a valuable step towards the growth of the business.
Even if your project failed, you can still claim R&D credit up to 33% of your R and D costs.
SMEs both profitable and loss-making can get back up to 33% of the amount they’ve spent on R and D and larger companies can even get 10% of their R and D costs refunded.
Steps To Claim R&D Tax Relief
We do the hard work so you don’t have to
We make arduous steps of R&D claim simple for you. Your R and D Tax reward is just 6 steps away:
Background Check and Assessment
* After the assessment, our team will track down ways in which your company can meet the eligibility criteria for an R&D claim.
R&D tax Credit Consultant
* An outline of the claim, having details and step by step process of the R&D claim will be provided.
* The total worth of the R and D tax claim will be calculated.
* You can also freely discuss your concerns regarding R&D credit with our R&D tax credit consultant.
* Your additional queries and concerns will be entertained by the consultant.
* In this step, your company's present financial state will be determined and costs will be discussed.
Receive your R&D credit
* You will receive a cheque from HMRC for any R&D expenditure that has been given in for R&D claim.
* In case of any sort of query, we will consult you first before responding to HMRC.
Govt. R&D tax relief
In the year 2000, the UK government initiated R&D tax relief scheme to support and motivate innovation in the field of R and D.
HOW DO I QUALIFY FOR R&D TAX CREDITS?
Prove to HMRC that your tech was complex through submitting financial and technical info.
Does your business qualify for HMRC R&D claim?
Many of you are unaware of the fact that your project falls under HMRC’s criteria of R and D and is eligible for R&D claim.
You can qualify if your business has:
- Invested in improving production efficiency.
- Utilized technology and contributed by creating new services, systems, solutions, tools, or products.
- Faced issues and overcame, or lost the fight due to ‘technical’ matters.
- Have you contributed to the improvement of products by modifying them?
- Have you tried manufacturing various new methods and tools?
- HMRC counts your project eligible for R&D tax relief, if you have contributed to the development of the tools, methods, or appliances in the right way.