Research & Development Relief
Claiming your Research & Development Relief Tax Credits, aka R&D Tax Credits, is an important consideration for any business thinking of investing in R&D. R&D Tax Credits are perhaps the most important subsidy that UK businesses can claim from the Government at this time.
Research & Development Tax Credits can provide up to £230 relief on every £100 spent, so there’s little reason not to invest in R&D. The amount that your company can claim should be carefully calculated, and you’ll want to ensure that your investment opportunities qualify before going ahead.
That’s where our team of highly experienced Research & Development Relief accountants come into the equation. We can work out how much you’ll be able to claim, advise you on the suitable investment options and help guide your business to being as tax-efficient as possible whilst maximising your development opportunities.
Research & Development Relief Services We Offer
R&D Tax Relief, as with all forms of tax credit, is not always straightforward, so you may find that having an R&D accountant on your side helps you streamline your Tax Relief process.
Our R&D Tax Relief accountants will help you decide how and when to invest, as well as generating your report for you. What’s more, Warr & Co have a good working relationship with HMRC, which importantly means that we’re well versed in what HMRC will and will not approve. We achieve good results thanks to our experience in this area.
We work on R&D Tax Relief projects with both small businesses and large corporations, and our experience spans over many industries. So get in touch with us to discuss your research and development plans.
HMRC defines research and development (R&D) as overcoming technological uncertainties or challenges; aiming at achieving a technological advance that couldn’t be easily worked out by a professional in the field.
Claims are often overlooked because companies over-estimate the level of innovation required to claim R&D, or think R&D only encompasses the work done by scientists in white coats.
Warr & Co has first-hand experience in guiding clients through the R&D process, we work with leading R&D experts and can help you:
- Identify all activities and expenses that will qualify
- Ensure that the report to HMRC is accurate and all eligible work is included
- In corresponding with HMRC we aim to get claims agreed so that you receive the highest level of tax relief that your company is entitled to
If you are looking to find out if your business is eligible to claim R&D tax credits, or want help in claiming, contact our team who will be able to provide professional help and advice on your claim.