Morning exercises for #ChristmasJumperDay! pic.twitter.com/Sa54M7LhGw — Cost Care (@CostCareTax) 16 December 2016
Having signed up with Cost Care in February 2015, a stationary manufacturer has received over £48,000 in tax relief following our review of their Research & Development activity. Last year, our retrospective review found over £295,000 worth of expenditure in the two previous years. The next year saw an even bigger spend, resulting in the…
The UK’s prosperity depends on its ability to innovate, create and expand science in technical expertise. Global activity is shifting towards knowledge and advancement and the UK Government’s business strategy is to expand the level of Research and Design. Cost Care has operated successfully for almost 20 years managing claims professionally resulting in over £190m being reinvested in UK businesses.
Capital allowances are a valuable form of tax relief available for expenditure incurred in the buying or construction of commercial property. They are an uncontroversial tax relief, that effectively converts capital expenditure into tax-deductible trading expenses, for income or corporation tax purposes. To put it simply, they are a treasury funded discount on the cost of a property.
Our experience gained in over 15 years of claiming capital allowances, with a client base in excess of 19,000, indicates that in many cases capital allowances and R&D tax credits are under utilised. We have a proven track record of providing capital allowance support alongside R&D tax credit services to professional introducers across all sectors of the UK.