Print Posted by George Morina on 01/23/2017

How do I claim research and development funding

How do I claim research and development funding

Research & Development Funding

In 2000 the government introduced incentives to encourage research and development by UK companies.

Research and development tax relief (often referred to as R&D tax credits) can provide tax relief on up to 230% of qualifying research and development expenditure. But perhaps more importantly the company may be able to obtain a cash refund of up to 24.5% of every £1 spent on qualifying activities. The benefits can be sizeable – for £100,000 of relevant expenditure you could generate a cash refund of £24,500 or mitigate tax of up to £52,000. Have a look at our RD Tax calculator page.

How do I claim research and development funding?

The answer to this question is very easy complete our contact form and one of our specialist team will assist you.
We will review the key tests for the success of your R&D claim. How we handle these next issues with you will determine how we process the claim
We understand the Research and development claims process. Mistakes at this stage could seriously damage your company’s wealth.
This is one of the key areas where experience and understanding of Research & Development claims really matters.

Not only the value of your claim but the very success of the claim is reliant upon getting this part correct right from the very beginning. This is where our knowledge really helps. Let us do the work

Which projects might qualify for R&D?

Your company or organisation can only claim for R&D relief if an R and D project seeks to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty – and not simply an advance in its own state of knowledge or capability.

How to show the project is Research and Development within the tax definition

There are guidelines that define all the following terms, and it’s important to understand these concepts before attempting to reach a view on whether your company or organisation has an R&D project for tax purposes.
The terms are as follows:
◦project
◦advance in science or technology ◦science
◦technology
◦directly contribute
◦scientific or technological uncertainty

This is one of the key areas where experience and understanding of R&D claims really matters. Not only the value of your claim, but the very success of the claim is reliant upon getting this part correct right from the very beginning. This is where our knowledge really helps. Let us do the work

Why not talk to us, we offer a no win no fee arrangement, you have nothing to lose. We will use our expert knowledge to maximise any legitimate claim and ensure it is smoothly processed and paid out to your selves.

We handle the complete processes from project verification, or surveyors report to final submission,

We will work with your accountants to maximise your benefit.
A number of areas have benefited from this scheme,
Film development
Carbon fibre technology
Revised production processes
Development of improved product and service in the energy market

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