Claiming R&D tax credits
Get the credit you deserve
R&D Claims is the leading provider of R&D tax advice in the UK, acting as a trusted adviser to many of the UK’s most innovative businesses. We deliver robust R&D tax credit claims to ensure your business is rewarded for your investment in innovation.
By claiming R&D tax reliefs with R&D Claims, you have access to our award-winning team of chartered tax advisers, accountants, lawyers, sector specialists and former-HMRC inspectors. Our experts take on the heavy lifting of your claim preparation, saving your team time and ensuring you receive the valuable funding your business deserves.
What sets R&D Claims apart for R&D tax relief
Unrivalled technical firepower
Your R&D Claims team will include a proven combination of qualified chartered tax advisers and accountants, lawyers, former-HMRC inspectors, and sector specialists with hands-on industry experience.
Augmented by our proprietary technology, our team of leading technical experts work with you on-demand to deliver robust claims, maximising value for your business.
Leading our industry
We’re passionate about R&D tax credits and how the incentive helps your business innovate and grow.
That’s why we don’t just react to policy changes, but proactively help shape them.
We’re members of the Chartered Institute of Taxation (CIOT), leading professional standards in an otherwise unregulated market
Advice on your terms
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.
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. 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 us.
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 ForrestBrown’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
Our insights
Obtaining tax benefits for R&D for small and medium-sized enterprises
More
Small and medium-sized enterprises play an important role in any country’s economy, stimulating innovation, creating jobs and contributing to GDP growth. In the UK, as in many other countries, businesses often face financial problems that can hinder their growth and development. One way to support small and medium-sized businesses is to provide them with tax breaks for research and development (R&D). Moreover, today we live in a world of continuously developing technologies, interesting startups and new approaches to creating and consuming information.
What is R&D?
R&D is systematic research or development aimed at obtaining new knowledge or information. This knowledge and information can be used to create new products, services or processes. R&D can be very expensive, especially for small and medium-sized enterprises.
Small and medium-sized enterprises (SMEs) in the UK can claim a range of tax benefits related to research and development (R&D) expenditure. These incentives can help SMEs reduce R&D costs and stimulate innovation.
Benefits of using tax incentives for R&D
Taking advantage of R&D tax credits can have a number of benefits for SMEs, such as:
– Reduced costs. Tax incentives can help SMEs reduce R&D costs, making them more competitive.
– Stimulating innovation. Incentives can encourage SMEs to invest in R&D, which is a direct route to the development of new products, services and processes.
– Job creation. Financial injections often lead to the creation of new jobs, which can stimulate economic growth.
It is objectively impossible to list all the advantages, but everyone understands how important benefits from the state are in conditions of competition and instability.
Our company will help you plan your R&D expenses so that you can make the most of tax benefits. We can also prepare all the necessary documentation for filing an application. But the first thing the preparation of any documentation begins with is checking the very possibility of receiving this type of benefit.
Can I claim R&D tax credits?
To qualify for R&D tax credits, your company must meet certain criteria.
Criteria:
1. Your company must be registered in the UK.
2. The company must be a taxpayer.
3. Your company must incur R&D costs associated with the development of new products, processes or services.
R&D expenditures must be reasonable and verifiable.
R&D tax incentives explained
There are two main types of R&D tax credits available to SMEs in the UK:
Tax credit for R&D. This is a tax refund you can receive on 33% of qualifying R&D expenses.
Deferment of R&D tax. This allows you to defer paying income taxes associated with your R&D expenses.
The process of claiming R&D tax credits can be complex, however, we will always provide a detailed explanation of claiming R&D tax credits.
R&D tax credits are a valuable tool for SMEs, helping them reduce R&D costs, stimulate innovation and create jobs. Consulting firms can help SMEs access these incentives and make the most of their benefits.