HMRC RD tax credit claim - Get your HMRC RD tax credit claim for your company with the help of our RD tax credit calculator. Our talented team of business and strategy experts can help you with the process.
Visit Here: - http://taxbright.co.uk/make-a-claim
What are RD tax credits?
Research and Development (RD) tax credits are an incentive to reward companies engaged in innovation. A UK tax relief, RD tax credits can provide valuable funding for any company spending money on developing new products and process or improving existing ones. This relief can give your business the opportunity to claim back a proportion of your RD expenditure as tax credits, which can reduce your tax bill or increase taxable losses. No matter the sector, if you’re spending money on research and development, then you could be eligible to claim RD tax credits.
You could be eligible to claim RD Tax Credits If you are a UK business that has invested in innovation and completed research and development.
Does My Business Qualify?
Three ticks means your company can claim RD.
Are you a limited company trading in the UK?
Do you carry out qualifying RD activities?
Have you spent money on these?
SME Scheme
If you have less than 500 employees in your company and/or group and less than €100m turnover you are eligible for the SME scheme
A 130% uplift is applied to your RD costs leading to a tax reduction of £24.70 for each £100 spent on RD if you make a profit;
Loss making? you could receive a cash payment of £33 for each £100 of RD expenditure;
Claims can go back two full years resulting in a repayment of corporation tax already paid.
RDEC Scheme
You are eligible for the RDEC scheme (formally Large Company Scheme) if you have over 500 employees in your company or group or more than €100m turnover.
No minimum RD Spend;
No upper limit on claims;
From April 2020, Above the Line Credit, is mandatory with a benefit of £10.50 per £100 on RD;
Repayable credit now possible for large companies;
Can still access the 30% uplift scheme for previous tax years.
Our Process
Our friendly team will guide you through the entire RD claim process, working on your behalf, allowing you to concentrate on the day-to-day business. Our process has a proven track record for delivering excellent results as well as a fully defensible claim.
Check your Eligibility
Our clients are regularly surprised at what counts as research and development.
Find out now if you qualify by using our simple tool below.
How to Claim
Our Insight and experience will help you get the best results, Our 4 step process below is designed to carefully analyse your business to understand the costs that you have incurred that might be eligible for tax credits.
1. Eligibility evaluation
We carry out face-to-face onsite visits to identify the true value of your qualifying activities and associated expenditure, to achieve an optimised financial benefit.
2. Comprehensive reporting
We manage the entire process of building a claim on your behalf. We prepare a comprehensive HMRC compliant technical report and financial calculation. With a 100% track record to date we’ll be sure to help you recover the maximum credit you can achieve.
3. HMRC submission
Tax Bright prepare your claim for the optimum benefit ready for filing. Our talented team of business and strategy consultants, researchers and compliance experts. Your submission will be of the highest quality – you can depend on us.
4. Collect your benefit
After submission, the HMRC typically take 6-8 weeks to approve and release the benefit. Our long-established team stands behind every application we prepare, so if you need post-application support, we’ll be there. We help our clients to evolve by providing strategies targeted specifically at their profitability and performance.
Information for Accountants and Partners
Tax Bright are able to partner with accountants and other business professionals without a conflict of interest. Tax Bright ONLY specialise in RD therefore you do not have the worry of having your clients poached from you.
Partnering with Tax Bright for research and development tax credit claims enables you to provide a hugely positive and valuable service to your clients.
Tax Bright work with many accountants and business professionals on a revenue sharing basis, enabling you to earn additional income without increasing your workload.
Benefits to working with us
Together, our experts would strive to extend your practice’s RD knowledge and client base, thanks to:
Specialised RD tax credit knowledge
An added value RD tax credit service for your clients
Free client qualification service
Full NDA Tax agency (64-8) remaining with you
Payment for your expertise and processing
Contact Us
Address
35 Market Street, Bolton, Greater Manchester, BL4 7NS
info@taxbright.co.uk
Contact Number
01204 952626
