Research and Development Tax Relief
This relief is only available to companies.
They may be:
- working at the cutting edge of their industry;
- developing a new product or process; or
- making a significant improvement to an existing product or process.
Our expertise in R&D Tax Relief claims is extremely portable as evidenced by the diverse range of industries we have already served. Our knowledge and existing support network means that we are able to provide equally detailed support to companies operating in virtually any industry.
We will work with you to identify eligible projects, determine whether you are eligible to claim under the Tax Relief’s Small Scheme, Large Scheme or, in some circumstances, under both schemes and we will then work with your finance team to extract the relevant data from your finance system to enable us to calculate the claim.
We will support you all the way to provide all of the information needed to supplement the normal Corporation Tax work. We will prepare an annual report of your Research and Development activity to support your claim, and, most importantly of all we will deal with any tax enquiries that HMRC might raise against your claim.
We will also review with you, and advise on, the way to organise your development work. Simple steps taken at the outset could help you reduce your corporation tax bill.
We can offer the following options to you:
If you have never claimed before, it is likely that you could have two years of claims that can be made now. Your Corporation Tax return can be filed up to a year after the end of your accounting period and you have another year after that to make amendments to it. We are more than happy to discuss your requirements with a free, no obligation review of your recent and current business to determine whether you might have a claim.
If you have made claims before, but are now looking to outsource this work or change providers, we would be more than happy to discuss any opportunity with you.
The sooner you contact us, the sooner we can help you make your first claim, or improve your existing process.
Honey Barrett News
Honey Barrett has successfully gained for clients in excess of £2.9m worth of R&D tax claims in the period from 2013 to date. Most of the claims resulted in tax repayments, whilst some resulted in reduced tax bills. Either way these R&D tax claims have been of immense value to our clients.
Our expertise in R&D Tax Relief claims is extremely varied. Our knowledge and existing support network means that we are able to provide an R&D tax claim service to companies operating in virtually any industry.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01424 730345, 01323 412277 or 01892 784321. Or if you would prefer, ask us a question online.