R&D Tax Credits
Research and Development tax credits can provide significant tax savings for companies investing in innovation. Many businesses are unaware they qualify or underestimate the scope of eligible activities. We identify qualifying R&D expenditure across your business, prepare the technical narrative and financial schedules, and submit the claim to HMRC. Claims can reduce your corporation tax bill or, for loss-making SMEs, generate a cash credit from HMRC.
Who It's For
Limited companies that are developing new products, processes, or services, or making appreciable improvements to existing ones. This covers a wide range of industries including technology, engineering, manufacturing, food and drink, construction, and life sciences.
What's Included
- R&D eligibility assessment and scoping
- Identification of all qualifying direct and indirect costs
- Preparation of the technical narrative for HMRC
- Financial schedule preparation and corporation tax adjustment
- HMRC submission and liaison
- Defence of claims in the event of HMRC enquiry
- Retrospective claims for up to two prior accounting periods
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