Making a claim for R&D tax credits as a small or large business

Do you want to claim R&D Tax Credits for your organisation? If you need assistance, we can help.

A qualifying R&D project may allow businesses to claim corporation tax repayments/reductions in their liability. Repayments/reductions in liability are equal to 25% of qualifying costs for profitable companies. In the case of loss-making companies, up to 33% of the qualifying expenditures can be claimed. A cash repayment is not required to be repaid.

Allen and Atherton Accountants offer free R&D consultations and work on a contingency fee basis (fixed fees can also be quoted upon request). In this case, we only charge if HMRC accepts the claim and your liability is reduced or repaid. In the case of the claim, a Chartered Tax Advisor will prepare it.

You will need just two to three hours of your time to complete the claim – we take care of everything for you. For more information, contact our R&D Tax Credit specialists. We charge some of the most competitive fees in the industry, and all fees are contingent on a successful claim.

R&D Tax Credits: Who is eligible? 

There is often a misconception that R&D tax relief applies only to science and technology companies. It should be noted, however, that R&D Tax Credits are available to a wide range of industries, from the hospitality industry to the property sector.

In order to qualify, you need to be a business that:

• Seeks to advance their knowledge
• Improves a service or product
• Solves uncertainties in the process

Is there a type of project that qualifies?

The R&D project you are working on does not need to be unique or successful.

Below are a few examples of how we can assist our clients with R&D projects:

• Designing bespoke machineries for two different cardboard manufacturers.
• In cases where no readily available solution was available for a client’s internal accounting or operations systems, bespoke software was developed.
• We receive frequent enquiries concerning products and processes that our clients have developed, which are either new or better than what is available on the market.

Among many claims we have handled, these are but a few examples. In addition, claims may also be made for R&D that has been subcontracted. Let us know if you want more information!