We have extensive experience and expertise in this field and will assist you with the entire process of claiming the Government’s HMRC R&D Tax Credits/Refunds. We will work closely with you to identify the R&D projects that you are carrying out within your company and the associated qualifying activity. Our sole focus and attention to detail ensures you benefit from the maximum claim value to fuel your company’s growth.
learn moreHMRC Research & Development (R&D) Tax Credits/Refunds are a Government incentive introduced under the previous Labour Government and are still in place under the current Government. This valuable source of funds helps companies to grow, continue to innovate and invest in Research & Development. R&D incentives can transform your company and if you are making a claim for the first time, you will be able to claim for the previous two financial years.
more infoWe offer a seamless service and will take care of every single part of the claim from the moment you engage with us. There are four simple steps to make a claim.
The average claim preparation will take no longer than 4 weeks and HMRC aim to make payment in 28 days, with only 6 to 7 hours of your company's time needed to complete the claim
make a claimHMRC aim to make payment in 28 days
Some types of reimbursed expenses can be included in Research and Development (R&D) Tax Credit/Refund claims. A company may reimburse expenses incurred initially by an employee, and such reimbursement may constitute qualifying staffing costs.
You might receive it as a cash payment, a Corporation Tax reduction, they carry forward or back of an enhanced loss or as a blend of these.
The Research and Development (R&D) Tax Credit/Refund claim time limit is two years from the end of your accounting period. Before this period ends you must submit a R&D Tax Credit/Refund claim for any qualifying expenditure that you’ve identified during that period.
There is no fixed record-keeping system for a Research and Development (R&D) Tax Credit/Refund claims. HMRC accept that first-time claimants are unlikely to have detailed contemporaneous records to support all their R&D work.
Record-keeping is an important part of a Research and Development (R&D) Tax Credits/Refunds claim. HMRC expect to see some form of records. Good records often serve to maximise a claim’s value. If you have no specific records for your R&D Tax Credit/Refund claim, all is not lost. Call us, we can help.
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