R&D Tax Credit
For any business that has invested in Research and Development using technology for innovative purposes, the opportunity exists to claim back 33% Tax relief of R&D qualifying costs, back dated over the last 24 months.
Any sector or industry can benefit, such as for back office software process enhancements.
We work closely with an expert in this area who deal with HM Revenue and sit on the HMRC R&D consultative committee. They have helped many businesses benefit from this initiative, allowing them to invest further in their products and services, with repeated gains.
What differentiates us from other R&D Tax consultants is our professional approach, firstly to conduct a detailed and thorough assessment to verify a business' eligibility to apply, but thereafter to maximise the amount available to be reclaimed. RandDTax has a compliance directorate who assesses every application in detail.
The process can appear complex and technical, but we have the expertise to handle this entirely for you. We also work directly with your Tax Accountant, who submit the application on your behalf. HMRC responds within 5 weeks of submitting.
Conditions for businesses include:
Must be a registered Ltd company in the UK ... i.e. registered on Companies House
Must be liable for corporation tax and have submitted at least one year of accounts
R&D costs must appear in UK P&L (although can include offshore sub-contractors)