Research and Development Tax Relief
Research and Development (R&D) tax relief is awarded to businesses that invest in innovation. This innovation can be in the form of developing new systems, processes, products, materials, devices, or any changes to the way your business works.
What is Research & Development
tax relief?
Research and Development (R&D) tax relief is awarded to businesses that invest in innovation. This innovation can be in the form of developing new systems, processes, products, materials, devices, or any changes to the way your business works.
The chances are your business is doing R&D without even realising – it’s not just for people in white lab coats!
Our team are experts in R&D legislation. We will determine if your activities are eligible for tax relief and if so, we’ll get you the best possible return.
Do I Qualify?
You would be surprised by what is eligible for R&D tax relief – it’s not just for people in white lab coats. Scientific research is eligible, but so are activities such as:
Software developmentReduction in wasteAutomationDevelopment of innovative recipes/formulasDevelopment of new materialsImproved processesDevelopment of new products.Essentially anything that helps you gain a competitive advantage in a new and innovative way could be eligible for tax relief.
The tax laws around R&D tax relief are complicated, and the criteria for eligibility can be ambiguous. In order to get the largest tax relief return, you need to have an expert on your side. Our R&D team only do R&D, meaning you’ll be guided by the best in the business.
There’s no risk attached and the initial assessment will only take around thirty minutes of your time. We’ll thoroughly assess you and if we can’t see an opportunity for you to claim R&D tax relief, you walk away without spending a penny.
How can we help you?
Reclaim Tax UK are experts in specialist areas of tax relief. We have been helping clients secure tax relief for over 10 years and have identified over £428m in tax benefit for our clients to date
We work with businesses, Accountants and Solicitors throughout the UK. We have a delivery team of over 100 in-house experts which includes Surveyors, Tax Technicians, Accountants, Report Writers and Case Managers.
We are dedicated to ensuring you have a smooth claims process, minimising the disruption to your day to day activity, so you can get on with running your business. All you need to do is provide us with some details regarding your R&D project and we’ll take it from there.
FAQ
Look through the answers to the most popular questions of our customers. Didn’t find what you need? Just send us a message and we will get in touch with you shortly.
Do I qualify?
If you own a limited company that has been trading for more than 12 months and have developed new, or improved existing products, processes, systems, services, devices or materials, then there is a significant chance you will be eligible to claim for Research and Development Tax Relief.
Irrespective of whether your company is currently making a profit or operating at a loss, a claim could still be possible.If you are still unsure whether you would be eligible for a claim or would like to discuss in more detail how this relates to your business please get in touch on 01743 298980.
What can I claim for?
Typical claim items include staff costs, materials, utilities, reimbursed travel costs and sub-contractor costs. As a specialist R&D firm, we have a detailed understanding of Research & Development practice and legislation and will conduct a detailed audit of your business to ensure that every opportunity for Research & Development tax relief is identified.
What is HMRC's role?
The government created Research & Development legislation as an incentive to encourage businesses that are developing new, or appreciably improving existing, products, processes, systems and materials — and thereby increasing the country’s wealth creation capacity.
HMRC’s regional departments will analyse and check R&D reports and the costs identified.
HM Revenue & Customs are therefore very skilled at processing these claims. Our specialist advisers liaise with them daily, on your behalf, and in the unlikely event of any issues being raised, it is part of our commitment to you to resolve these.
Are there any additional costs?
We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.
Also, we do not charge for submission fees so there will be no surprises when it comes to your claim being filed with HM Revenue and Customs. We also offer all clients 6-year report protection as part of our service.