Research and Development Tax Incentives

A simple equation: research and development + claim = cash from HMRC.

By making a research and development (R&D) claim, an innovative company can either reduce its tax bill or make a claim to receive cash from HMRC.
We achieve for our clients an average tax benefit of twice the national average (per HMRC statistics).

5 reasons why businesses should make R&D claims

  • For a profitable company: to reduce its corporation tax bill
  • For a loss-making company: to claim cash from HMRC
  • To improve the company’s cash flow
  • To make the company’s balance sheet look healthier
  • To increase the company’s reserves

What is innovation?

Innovative business are not just:
  • Technology companies
  • Research focused companies e.g. pharma and biotechnical companies
  • Manufacturers
but also companies that:
  • Develop improved business data management systems
  • Develop software
  • Manufacture food and beverages
  • Develop renewable and environmental alternatives
  • Develop audio-visual and sensor-related technologies

What we do

Not just:
  • help you to identify R&D projects
  • prepare your R&D claims
  • deal with HMRC queries
But also:
  • review and replace your previously understated claims
  • help with setting up internal procedures to capture R&D data
  • help maximise the benefit from R&D tax losses

Research and development indicators

You develop new:
  • products, devices and components
  • manufacturing processes
  • software
You significantly improve existing:
  • products, devices and components
  • manufacturing processes
  • software
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6

Spring Budget implementation plans: what goes and what stays

Tax
Indications are that tax legislation will remain dauntingly complex.
25 Apr, 2017

Budget 2017: Innovation taxes

Tax | Corporate
The government are looking at reducing the administration burden and increasing awareness of the scheme.
8 Mar, 2017
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