R&D Tax Credits
HMRC believe that 75% of business who could be claiming R&D tax relief don’t. This is a huge area of untapped potential, and shows a lack of knowledge of the scheme. Have you ever wondered if your business activity qualifies for R&D tax relief? Or maybe you haven’t, or are completely unaware of the scheme, but you could be eligible anyway. R&D tax relief is a business incentive from the government which can result in a cash rebate of up to 33.5% of qualifying costs, paid around four weeks from the date of the successful claim. You can claim R&D relief up to two years after the end of the accounting period of the expenditure. The following criteria are flags that you could be eligible:
1) You are innovating, improving, or inventing processes or technologies which are not currently available on the market
2) To your knowledge, at the start of the project you have no clear answer of how the project will conclude. This uncertainty proves the first point that the development is producing new knowledge.
3) You can document evidence of your research and development, and the expenditure relating to these activities.
No activity is too big or small to qualify. Contact us to discuss your eligibility criteria, and to potentially unlock significant HMRC cash rebates.
Categories
- (S)EIS Tax Relief
- Accountancy Best Practice
- Art and Luxury Assets
- Business Immigration
- Commercial Law
- Commercial Litigation
- Corporate Law
- Corporate Strategy
- EMI Share Option Scheme
- ESG Compliance
- Employment Law
- Fundraising Strategy
- Human Resources
- Intellectual Property
- Merger and Acquisition
- NFTs and Digital Trading
- R&D Tax Credits
- Startups & SME Advice
- Tax Advice
- UK Subsidiary
Learn how to safeguard Legal Professional Privilege (LPP) to keep your legal communications confidential. Our expert legal team in London explains key steps for protecting LPP during legal advice and litigation. Keep your sensitive information safe!