R&D Tax Credit Relief
We often come across clients who think that they don’t carry out R&D because they haven’t got Bunsen burners or PhDs. Sure those things can suggest that there could be innovation, but the reach of relief goes far wider than that.
We can help you to secure maximum value from R&D tax credit, if you:
- Are a limited company in the UK that is subject to Corporation Tax.
- Have carried out qualifying research and development activities.
- Have spent money on these projects.
What are R&D tax credit?
Research and development (R&D) tax credit are a government incentive designed to reward UK companies for investing in innovation. They are a valuable source of cash for businesses to invest in accelerating their R&D, hiring new staff and ultimately growing. Rewarding innovation and fuelling growth, R&D tax credit have the power to transform your business.
Companies that spend money developing new products, processes or services; or enhancing existing ones, may be eligible for R&D tax relief. If you’re spending money on your qualifying activities, you can make an R&D tax credit claim to receive either a cash payment and/or Corporation Tax reduction. The scope for identifying R&D is huge – in fact, it exists in every single sector. And if you’re making a claim for the first time, you can typically claim R&D tax relief for your last two completed accounting periods.
We have partnered with ForrestBrown (the UK’s leading R&D tax specialist consultancy) as we feel that they have the expertise to deliver high quality and robust claims for our clients.
As our client, ForrestBrown will provide you with a no obligation consultation to access the potential tax savings that you could be entitled to, and will only charge a fee when a tax relief claim is successful. We work closely with the team at ForrestBrown to assist them in maximising the benefits of R&D tax credit claims.
ForrestBrown offer a level of specialist R&D technical expertise that you will find hard to match elsewhere. Their team is made up of qualified chartered tax advisors, accountants, lawyers and sector specialists, alongside quality assurance and client relations experts. With a former HMRC inspector in their ranks and a seat on HMRC’s R&D Consultative Committee, you benefit from their good relationship with HMRC.
ForrestBrown provides an end-to-end service that makes claiming R&D tax incentives easy for you. Their proactive approach means they are efficient with your time. They use a rigorous, continually-improving process informed by policy-level insights. Built-in quality assurance maximises your R&D tax credit claim and protects you from risk. They ensure each claim stands up to HMRC scrutiny.
Contact us to find out more.