R&D tax relief is a government way of incentivising limited companies for developing new or improved products, services, systems and materials. According to HMRC, R&D Statistics show less than 255,000 claims have been made between 2000 & 2018.

R&D tax Credit Calculator

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All limited companies in the UK could be eligible for the government Research and Development tax credit scheme.
Many businesses don’t realise that they qualify. Any company in any industry could benefit from making a claim. Both Profitable and loss making companies could receive a tax credit to reward their innovation or development and enhancement of existing projects.
R&D expenditure can include software development, subcontractor costs, technical analysis , developing or enhancing manufacturing processes and hardware costs. There are many other areas of R & D that could also be included.
To see if you qualify, call us today on 03332400702 or complete the form and we will call you back. Email us at help@businesstaxclaims.com for more info

Step 01

5 Minute Call

A quick chat to discuss areas of R&D and what
information we will need to validate your Claim

Step 02

Fill in Basic Details

Information regarding spend relating to R&D projects, What areas of uncertainty have been challenged and basic information about your company

Step 03

Review Your Claim

We will verify the details submitted by going through them with a magnifying glass, so that no stone is left unturned

Step 04

Report & Submission

We will generate a HMRC recognised and ready report which will be submitted to HMRC

Step 05

Receive Your Award

HMRC process your claim and grant the award (which can be a Cash Credit, A refund of Tax already paid or a Reduction in future Corporation Tax)
Do I qualify for R&D tax Credits?

All LTD companies, whether they make a profit or loss, can qualify. They have to show that they have developed new products or processes, improved existing products by making them “better” in a measurable way, diversified into new markets by extending their product range or more generally, overcoming real world uncertainties they didn’t know the answer to.

Am I an SME?

For the purposes of R&D, an SME is a company that has a turnover of less than £90m, Assets of less than £78m and less than 500 staff.

How long does a R&D claim take?

HMRC online states they will process 95% of all claims within 28 days of receipt. From time to time they have back logs, but on the flip side, some claims take as little as 2 weeks. The average time for our clients to receive their awards is 31 days

Can you work with our existing accountants?
Yes and it is encouraged. We offer a “start to finish” process and can submit the claims to HMRC on your behalf, but welcome the accountants input as they often hold the financial documents needed to fast track claims.
We have numerous accountants who use our services as a value add for their clients
How much work is required to make a claim?
The more the better, but we appreciate that you have your day to day business to run.
We will request as much of the info needed during the first call and will contact you at the convenient times if we need more. We aim to publish reports within 5 days of the initial contact.
How can I tell what sort of AWARD I will receive?
The type and amount of award is driven by your R&D qualifying expenditure and your profit or loss figure BEFORE taxation. As a rule, if you have a loss or a small profit, you will get a cash credit, and if you made a substantial profit, you will get a reduction in future tax (which 9 time out of 10 results in a refund of Tax already paid)