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: