Overview    l   Who Qualifies    l    Industries    l    What can you claim    l   The Process    l   Case Studies

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If your business can answer ‘Yes’ to the following, then it could qualify for R&D Tax Credits:

  • Incorporated business?
  • Subject to UK corporation tax (includes the corporate partners of an LLP)?
  • A going concern?

If your business can answer ‘Yes’ to these questions and is involved in the following activities, you may be eligible for R&D Tax Credits;

manufacture products
develop new, improved, or more reliable products and processes
develop prototypes or models
experiment with new materials
design of custom machinery, tooling, dies, and moulds
apply for patents
develop custom software or implement new systems
building new manufacturing facilities
automate internal processes
employ outside consultants and subcontractors

This list is by no means exhaustive – we are finding eligibility in all industries regardless of whether the company is engaged in typical activities. Our fees are payable on results as all work is undertaken on a contingency basis.

Loss making firms are able to surrender the R&D losses for a credit thus creating an immediate cash benefit.

If your company is improving or developing a process, product or service, then it can qualify for R&D Tax Credits.  It is extremely rare to find a business where all of the R&D activity is transparent within easily identifiable job roles and functions.  It is more typical that the R&D activity will be spread across numerous aspects of the organisation, with some employees or individuals playing a far more active role than others.

It is our experience that many companies are unaware of the significant tax saving incentive that is available. The R&D tax credit is often overlooked by organisations that do not normally associate R&D to their business or industry,  regarding their day-to-day business as “just doing my job”, when in fact they have been continually performing R&D qualifying activities.

Let us reiterate that absolutely no company should be discounted on the grounds of industry eg. a service based company with a large payroll may still qualify for a significant refund.

Who qualifies

Any incorporated business with a liability for UK corporation tax (includes the corporate partners in an LLP). Loss making firms can surrender the losses for a credit.

To qualify, R&D must be part of a project or planned objective, it must seek to increase the overall stock of knowledge or capability in a particular field, it must seek to resolve scientific or system uncertainty. R & D includes gaining knowledge that already exists elsewhere, but which is a “trade secret” and therefore unavailable to your business, in essence to gain it, you must re-invent it.

You may be eligible for the R&D tax credit. Does your company:

manufacture products
develop new, improved, or more reliable products and processes
develop prototypes or models
experiment with new materials
design of custom machinery, tooling, dies, and moulds

apply for patents
develop custom software or implement new systems
building new manufacturing facilities
automate internal processes
employ outside consultants and subcontractors

This list is by no means exhaustive – we are finding eligibility in all industries regardless of whether the company is engaged in typical activities. Our fees are payable on results as all work is undertaken on a contingency basis.