R&D Advisors

Our claims process

Steps to our tailored process for R&D tax credit claims

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Eligibility evaluation

Eligibility evaluation

A free, no-obligation, exploratory conversation with our specialist team to determine whether or not your company qualifies. This is easily established either in person, on the phone or via email. If you’re a limited company and have spent time and money engaged in R&D activities, then it’s highly likely that you have a claim.

Eligibility evaluation

Getting to know you and your business

We will then arrange to come and visit you, not just to get the lowdown on your business, but to introduce ourselves and demonstrate our commitment to your company. We pride ourselves on our personalised service and we don’t believe it can be delivered via a few telephone calls.

Eligibility evaluation

Data gathering meeting

Prior to the meeting we will provide you with a couple of fillable PDF’s. One asks for basic information about your company, staff and accounts and the other asks you to provide details of where you believe you have undertaken R&D. These forms can be modified by you and us, both during the visit and after we leave, to ensure all the projects we have identified as eligible are correct.

Eligibility evaluation

Comprehensive reporting

After reviewing the data we will send you a draft of the report, which details the projects we have selected for submission to HMRC and a calculation of your total R&D tax benefit. Once this is signed off by you we submit the report on your behalf and conduct all future correspondence with HMRC. If there are any inquiries opened by HMRC we will resolve these for you at no extra cost.

Eligibility evaluation

Collect your payment

A typical claim takes between four and six weeks to complete and the credit is paid directly into your bank account. If your business is profitable your overall Corporation Tax bill will be reduced, or if you have already paid your bill for the period, you will receive a repayment. Alternatively, if you made a loss for the period, you will receive a cash credit.

Check your eligibility

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Find out now if you qualify for R&D tax credit by answering a few simple questions

​Is your company registered for Corporation Tax in the UK?

Yes
No

Check how R&D tax credits would work for you

Answer a few quick and simple questions to see where your company is eligible for tax credit.

Frequently asked questions

qCan I claim R&D tax credits even if I haven’t paid Corporation Tax?

Yes. Even loss-making companies are eligible for R&D tax relief.

qWhat kind of businesses can claim R&D Tax Credits?

All UK-registered limited companies are eligible – it really doesn’t matter what industry sector they operate in. A limited-liability partnership (LLP) can only claim if a Corporation Tax-paying firm outsourced some of its R&D to the LLP. Sole traders are ineligible.

qWhat kind of expenditure qualifies?

There is a lot that can qualify for R&D tax relief. This can range from planning, designing, testing and analysis methods through to the creation and adaptation of materials, equipment or software. Even staff time given to things like the record-keeping, maintenance, security protection and training in relation to the R&D project can all count under the R&D Tax Credit Scheme. But it’s worth getting in touch to find out more.

qWhy would the government do this?

Throughout history, the UK – birthplace of the telescope, the telephone, the television and the text message – has been at the forefront of innovation and invention. To keep the country at the cutting edge, the government’s Industrial Strategy has committed to raising total R&D expenditure to 2.4% of GDP by 2027, up from 1.7% in 2018. And, because government research shows that every pound it gives out in R&D tax relief returns between £2.40 and £2.70 in extra R&D investment, the R&D Tax Credits scheme has been designed to facilitate this.

qWhat could my claim be worth?

That depends on your company’s circumstances. But when it released its figures for 2018-19 – the year for which the figures are most recently available – the government found the UK’s biggest firms had made 7,105 claims under the RDEC scheme, for a total of £2.4 billion. That made the average large-company RDEC claim almost £350,000. There were 52,160 claims under the SME scheme with the average pay-out standing at £57,515. A further £265 million was shared by small and medium sized companies from the RDEC scheme.

qHow is it paid?

Some claims are purely for a reduction in Corporation Tax liability. But in some cases, an SME might use its R&D tax credit to reduce its tax bill to zero, and then take the rest as a cash payment. In other cases, the SME might carry forward its tax credit to future years. A large-company, RDEC claim will normally be paid back as a cash rebate on the paid tax.

Let’s find out how we can help your business

Our consultants will advise you on how to identify where the R&D you have worked on qualifies for tax relief. The first step is getting in touch.
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Call us today

Alternatively you can call us and chat to an R&D specialist.

033 33 444 026
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To make a claim leave us a few details and we’ll be in touch

If you would like to give us some background details here before requesting a call back, please do, and of our team will contact you as soon as possible.

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