Research & development tax relief
R&D tax relief is a Government incentive to reward companies undertaking research and development.
The relief offers an additional tax deduction of up to 125% of qualifying expenditure on eligible R&D activities.
The definition of R&D activities may be broader than you think. If you’re developing new or improved products, process, services or systems you could achieve significant additional tax savings by making an R&D claim, or real cash rebates from HMRC in some cases.
You have up to two years after the financial year end to submit R&D tax relief claims.
We have considerable experience in assisting companies with making R&D claims as well as extensive knowledge of the legislative environment. Having worked with HMRC for a number of years, we can guide you through the claim process to ensure your claims are submitted correctly.
In particular we can:
- Navigate you through the process with as much, or as little, assistance as you desire. By passing knowledge to your employees, we’ll help them to become more self sufficient in making claims for future years
- Help you to interpret the qualification criteria - many companies incorrectly rule themselves out by failing to recognise qualifying activities and costs
- Improve your claims process by putting in place effective long term reporting systems compliant with HMRC requirements and agreeing methodologies with HMRC on your behalf.
