More and more frequently, the news headlines contain reports of taxation schemes in a negative light. However, Research and Development (R&D) relief is advocated by HMRC and can be used to save tax through clear and authorised methods.

This is an extremely attractive taxation relief which is available to many trading companies.  Many owners have heard of it, but few actually realise that their business qualifies for it.

R&D activity is distinguished by the presence of an appreciable element of innovation.  If the activity departs from routine and breaks new ground it is quite possibly R&D.

If expenditure does qualify as R&D, and the company is eligible, the tax relief available is extremely generous.  230% of the total eligible expenditure is deductible for corporation tax purposes.  In addition to this, if the company is loss making, the company can claim a tax credit which is repayable immediately.

Because we offer a wide range of services, we are able to assess the eligibility of your activity and prepare and submit the claim to HMRC at highly competitive rates.  We have demonstrable experience in preparing and submitting R&D claims, and a 100% success rate in doing so.

If you are interested, please contact Mel Hackney or Steve Wiltshire to arrange a free initial consultation.