The Research & Development (R&D) Tax Credits scheme is a government incentive aimed at helping UK businesses by encouraging and rewarding innovation.
The scheme can help reduce the amount of Corporation Tax, or it can be paid in cash credits.
As specialists in this field, R&D Tax Solutions will guide you through the claims process form start to finish and maximise your chances of success.
Since its introduction in 2000, thousands of companies have claimed billions of pounds worth of R&D Tax Credits. In fact, by the 2014/15 tax year, almost £14 billion had been claimed.
Unfortunately, HMRC statistics show that 90% of eligible companies are failing to claim what they’re entitled to, missing out on thousands of pounds. Even if a company isn’t making a profit, the scheme can reward in cash payments (known as cash credits). It actually doesn’t matter if your projects and activities are successful or not.
With thousands of pounds waiting to be claimed, this could make a real difference to your business.
Whilst the scheme rewards innovation in Science & Technology, this can branch across a whole array of sectors. Some of the key industries are listed below, but there are many others. It is the type of projects and activities, not the industry which are important
Food & Drink
Our company has helped hundreds of companies claim R&D tax relief. Since we started in 2014 we have successfully recovered millions of pounds of overpaid Corporation Tax.
Using our leading R&D taxation expertise, we understand every aspect of the legislation. Our close working relationship with the HMRC has even helped us to further maximise claims for our clients.
Our role is to guide you through the process from start to finish. From assessing eligibility through to managing a claim on your behalf, to chasing your payment and answering HMRC queries.
Our no win, no fee policy and our 100% success rate thus far ensure your time is not wasted if we don’t think you qualify for the scheme.
Unfortunately, HMRC’s guidance for claiming R&D tax credits is incredibly detailed, which discourages many business owners and their accountants. Complexities in the guidance can lead to under-claiming the amount you’re entitled to or even over-claiming which can lead to an HMRC investigation.
Using an R&D tax specialist who liaises closely with HMRC eliminates this risk and simplifies this process. Our specialist knowledge ensures that we prepare and file the claim correctly.
You can see an estimate overview of how much you can claim by using our R&D Tax Credits Calculator. But please keep in mind that this is a just a basic calculation. The R&D claim reports we submit to the HMRC can be as long as 50 pages!
To get in touch or to discuss your eligibility for R&D Tax Credits, call our Manchester Office on 0161 298 1010 or email email@example.com.
We have worked with R&D Tax Solutions for our company, and are pleased that they are dependable and helpful when you need them. They provide quick & easy support to achieve our solutions and respond to queries firmly. We are happy to recommend them as a reliable team to cooperate with.
Highly recommend for R&D Tax rebate to startups, entrepreneurs who have limited time in hand for preparing their tax returns. Their no win no fee structure also suits to early stage businesses!
Great service, Laura is very knowledgeable and certainly can cut through red tape with ruthless precision, just what we hard working taxpayers need. Well done R&D.
It is always a pleasure working with R&D Tax Solutions Ltd as they are extremely professional, experts in their field and always provide excellent customer support. Following successful R&D tax claims, I would highly recommend this company.
Helped us overturn a financial year trading at a loss. Really delighted with the successful outcome and can strongly recommend R&D Tax Solutions to other innovation driven businesses.
R&D Tax Solutions helped our company claim back tax credits for £73,000 for the previous tax year. Everyone on their team is highly professional and had an excellent mix of skills in our industry tech talk as well as tax knowledge. This made the whole process very quick and easy for us and R&D Tax Solutions Ltd handled all aspects of the claim. The credit confirmation from HMRC arrived within just few weeks!