Research & Development Tax Credit Claim - Get It Right First Time
All tax credit claims, regardless of your business industry category have to meet the very stringent guidelines set out by HMRC. What that means is, one small error in your claim will result in your application being refused by HMRC or placed on hold for further checks. This can result in lengthy investigations which could also mean further accountancy fees in order to rectify your mistakes.
Get it right in the first instance. Why take the risk, when our Tax Credit claim handlers will navigate the complexities of your claim for you. With us, you get total peace of mind.
Tax Credit Claim Minimum Requirements & Guidelines:
The research & development (R&D) tax credit is designed to encourage innovation and increase spending on R&D activities for companies operating in the UK.
It’s one of the UK government’s top incentives for encouraging investment in research and development and allows up to 33.35% of a company’s R&D spend to be recovered either as a reduction in Corporation Tax or a cash repayment.
The total number of R&D tax credit claims that were made in 2020 was 85,900 which is a 16% increase from 2019. That took the total amount of R&D tax relief paid out last year to £7.4 billion.
To apply as a partner, you and your partner both need to be 18 or over.
Your partner must also either:
Any company in any industry may be eligible for R&D Tax Credits.
To meet the requirements, the company must have undertaken qualifying research and development activities.
These include:
- Creating new products, processes or services.
- Changing or modifying an existing product or service.
Which scheme is right for me?
There are two different schemes for R&D tax relief depending on the size of your company and whether the project has been subcontracted to you or not.
These are:
1) The SME R&D tax credits scheme
2) The large company scheme, also known as RDEC (Research and Development Expenditure Credit).
How We Will Help
Our specialist will help you with all stages of your application. They will take a thorough history of the company and present you with options on how to proceed.
The years of experience that make up the knowledge base of our business means that specialist who are well versed in Tax Credit claims will be able to provide options for those even in the smallest of claims. We have access to accountants and speacilists within the industry totake advice for the most complex of cases.
So, talk to us today, all calls are Free on 0800 246 5546 about taking up your cliam, don’t delay. Give us the most amount of time possible to work on your claim and ensure that you get the best service possible and best chance of getting your claim approved.
Tax Credit claims - Our approach
Our approach to preparing for your claim is quite simple. Agreed fee payable once your claim is successful. So, no unexpected surprises. Call us and get a quote. No two claims are the same, but one thing is for sure. Once we give you a quote, it won’t change. That’s a promise we will keep.
#1 Choice ForTax Credit claims
Looking for assistance with your claim? Look no further. We are the Number 1 choice for help. We are experts in all aspects Tax Credit claims. Our claim handlers are the best you can find. Don’t take our word for it. Read our 5-star reviews on google. We are proud of the work we do.
What to Do Next
Now you have the information you were looking for. Let us give you, the best chance of getting your claim approved, the first time around. Give us a Call. So, we can pre-vet your claim free of charge, within 1 hour whenever possible. Call us and get a No-Obligation Assessment on the phone, our teams are waiting plus if you have any further questions please feel free to ask.
Discuss the options available when you speak to a claim’s handler.
- Appointments available, covering the whole of the UK.
- Central office locations In London and Manchester
- No hidden surprises
- Speak to us now on 0800 246 5546
