Claiming capital allowances
Harness the full value of your capital expenditure
Investment in R&D often goes hand in hand with expenditure on capital assets such as commercial property and equipment. We deliver robust capital allowances claims that harness the full value of your capital investments and support further growth. This ensures you’re making the most of funding opportunities across the full innovation toolkit.
What sets R&D Claims apart for R&D tax relief
Managing complexity
We take a holistic view of large company R&D tax relief, striking the right balance between value and risk. We evaluate interdependencies with key business agendas. And we know that R&D activity can intersect different departments, group companies and tax jurisdictions.
With experience working with publicly listed and private companies as well as international groups, we are adept at managing multiple stakeholders to efficiently identify qualifying R&D and drive future investment.
Global reach, local presence
At R&D Clains we are specialists in UK innovation incentives. As part of a global consultancy, we know how international businesses operate. This informs our advice on R&D tax, looking beyond national boundaries to take a coordinated global view.
Through our work to shape R&D tax policy we are actively engaged in consultation on proposed changes to the treatment of overseas activity and can provide strategic advice to mitigate the potential impact on global R&D programmes.
Adviser-led, technology-enabled
We reject a one-size-fits-all approach as we know that all businesses face unique and evolving challenges. Our technical and sector experts build strong relationships with your in-house teams on the ground to deliver flexible, robust and timely R&D tax advice on your terms.
We use our proprietary technology to support our highly experienced team allowing them to focus on your projects. Our technology allows us to work securely and collaboratively with teams across your organisation, wherever they are located, to help manage your unique data needs.
Learn more about the merged scheme for R&D tax relief
The government confirmed in the Autumn Statement 2023 that a merged R&D scheme will be introduced for accounting periods beginning on or after 1 April 2024.
How to claim R&D tax credits with R&D Claims
There’s no one-size-fits-all approach to accessing R&D tax advice. At R&D Claims our team of experts adapt our tried-and-tested methodology to fit your business. Below are some of the stages you can expect as part of your engagement with R&D Claims.
Discovery and
assessment
Your dedicated point of contact and expert project team will kick off your claim and work with you to identify the information needed to create your claim.
Do you have the expertise you need? Our expert team is made up of chartered tax advisers, accountants, lawyers, sector specialists, technical writers and account managers, hand-picked to support your specific business needs.
Information gathering and analysis
We combine tax technical firepower with in-depth sector knowledge to uncover the full extent of your qualifying R&D. Our chartered tax advisers and sector specialists will work directly with your finance and technical teams to gather all the information we need for your claim. We will then use this to create a bespoke methodology based on your records.
Are you currently spending too long preparing your R&D claim? Let our team do the heavy lifting and free up your team’s time.
Creating your R&D tax credit claim
We’d love to help you make the most of your innovation. We offer a range of tax advisory services. From our end-to-end R&D tax claim service, to delivering consultancy projects and enquiry support. We have the technical firepower to help your business grow.
Always tailored to your needs, we work flexibly to deliver actionable R&D tax advice on your terms.
Approvals and submission
We will share our reports with you for approval and will explain our findings. We will file your R&D tax credit claim for you via your Corporation Tax return (CT600) or work with your accountant to do so.
Do you understand what you’re claiming and why? Our team will explain their findings and communicate and manage any associated risks so you can be confident that you’re submitting a robust and defensible claim.
Dealing with HMRC on your behalf
After we’ve submitted your claim via your Corporation Tax return (CT600) we’ll keep in touch with HMRC to ensure minimal hold-ups. In the unlikely event HMRC opens an enquiry, we will work to resolve this for you.
Do you need support to ensure your claim remains on track? With increased scrutiny into R&D claims it pays to work with an experienced specialist who has an existing relationship with HMRC and understands what they are looking for.
Receiving your benefit and reinvesting
You are rewarded for your investment in innovation and your Corporation Tax bill will be reduced or your cash benefit is paid into your bank account. That’s money to spark your next big idea and fuel your continued growth – reinvesting in projects and people.
Are you thinking about future investment in R&D? Don’t treat your claim as a box-ticking exercise. With R&D Claim’s support you can embed a culture of innovation and use R&D tax reliefs as part of a strategic plan for your future growth.
Are you looking for a specific piece of advice?
Our team can provide your business with specialist advice, whatever stage you are at. From due diligence and claim reviews, to international projects and training – we’re here to support you with best-in-class tax advice.
Contact us
Speak to our expert team today
We’re passionate about helping our clients access the valuable funding they deserve for their innovation. Speak to our team to get started today.
0117 926 9022
Capital allowances consulting Services: Cost Optimisation and Benefit Maximisation
In today’s dynamic world, capital investments play a key role in business development. However, along with potential profits, they can also incur significant costs. In this regard, obtaining capital benefits and their proper use becomes the most important factor in optimising costs and maximising benefits.
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Consulting services on capital benefits are an integrated approach to solving problems associated with the receipt and application of various types of benefits provided by the state and municipalities. This also includes receiving capital allowances for buildings and structures.
What problems do our specialists solve?
In the UK, there is a government business support program that provides grants for investment in development. This program is called the Capital Allowance Scheme (CAS).
Capital Benefits Consulting experts are available to assist you with:
Analysis and evaluation:
- Conducting an audit of your activities to identify potential opportunities for using benefits.
- Determine the types of benefits that are most relevant to your field of activity.
- Calculate the potential cost savings that can be achieved through the use of incentives.
Strategy Development:
- Drawing up a comprehensive cost optimisation strategy using available benefits.
- Development of recommendations for choosing optimal benefit programs.
- Development of an action plan to implement the strategy.
Maintenance and support:
- Assistance in collecting and preparing the necessary documents.
- Interaction with government agencies and municipalities – we will clearly indicate the receipt of capital benefits for integral functions and other types of benefits.
- Consulting on the application of preferential programs.
- Resolving controversial situations that arise during the use of benefits.
- Benefits of using consulting services
Saving time and money:
- Specialist consultants will take care of all the routine work associated with receiving and using benefits, allowing you to focus on growing your business.
- You will have access to up-to-date information about benefit programs and will be able to avoid mistakes that could lead to financial losses. Even obtaining a capital refund when a loss occurs becomes easier.
Increased efficiency:
- Proper use of benefits will allow you to optimise costs, increase business profitability and improve its competitiveness.
Risk reduction:
- Our employees will help you minimise the risks associated with incorrect application of benefit programs.
Who can claim UK Capital Allowance (CAS)?
Not all businesses can obtain CAS. To qualify for a grant, you must meet a number of criteria:
Kind of activity. The business must operate in one of the approved sectors. These include manufacturing, construction, information technology, tourism and others.
Size. The enterprise must be a small or medium-sized enterprise (SME).
Tax status. The business must be subject to UK income tax.
Investments. The business must plan to invest in approved assets such as equipment, buildings or software.
Compliance with regulations. The business must comply with all CAS program rules.
What expenses does CAS cover?
CAS can cover up to 30% of the value of the approved investment. The maximum grant amount is £1 million.
Benefits of receiving capital allowances
CAS can provide a number of benefits to a business, such as:
- Reduced investment costs. A CAS grant can help reduce the cost of investing in your business.
- Stimulating growth. A CAS can help drive the growth of your business by investing in new assets.
- Increasing competitiveness. CAS is a good way to increase the competitiveness of your business by introducing new technologies or expanding your business.
Thanks to us, you can quickly apply for capital benefits for machinery and equipment and other types of benefits. We will look after your interests so that you can get the most from your business.