Research and development tax relief

If you’re spending money to improve products and services in a new or appreciably improved way, you might qualify for R & D tax relief.

With R & D tax relief allowing SMEs to claim 200% tax relief on qualifying expenditure and non-SMEs to claim 130%, isn’t it time you called on our specialist service to explore whether you stand to benefit from making a claim?

We’ve had extensive experience over a number of years of obtaining sizeable R & D tax relief repayments for clients. We offer clients expert advice and guidance and will either work directly with them or we can call in other specialist advisers such as specialist consulting engineers in order to provide the best service and best technical input for clients.

In our experience, the tax definition of R & D is misunderstood by many accountants working in both large and small accountancy practices. We believe we are one of only a relatively small number of practices throughout the country which fully comprehends and can advise on this area and, accordingly, obtain the best value for clients.

To help understand this complex subject, we’ve prepared three briefing documents.

The first goes into detail about the definition of Research and Development.

The second contains a number of scenarios.

The third is an article, ‘Double tax relief and new grants for product design’ produced for the Chamber of Commerce.

Key aspects of our research and development tax relief service:

• Identifying the validity of an R & D tax relief claim.
• Utilising the services of specialist technical consultants when appropriate.
• Ensuring that the maximum allowable benefits are claimed.