Research and Development Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies can reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. We will initially assess whether your company is carrying out any qualifying R&D projects and so whether a claim can be made. We will review which of the two R&D tax reliefs apply (or possibly both), liaise with you to document and evidence the projects in a form suitable for HMRC, identify qualifying expense to go into the claim and finally  prepare the computational calculations..

Our R&D team works with over 100 companies annually on their R&D claims and so we have a deep and wide knowledge of the tax rules and how HMRC apply them,.  We are members of and attend the HMRC R&D Consultative Committee on R&D tax reliefs.

Should you be considering patenting any technology, we can also advise on another technology based tax relief, patent box.