Is your business taking advantage of research and development tax relief?
If your company is liable for corporation tax, or would be if it were making a profit, you may be able to reduce your tax bill, or receive a refund from HMRC, through the Research and Development tax relief scheme.
Tax relief for qualifying expenditure on Research and Development is incredibly attractive and certainly worth exploring. The process of accessing the generous tax reliefs can, however, seem daunting.
The eligibility criteria are far from straightforward, and there is no room for error when making your claim to HMRC.
Research and development relief is available to any business, which seeks to improve any process – not only businesses employing armies of scientists in white coats!
We have managed successful claims for organisations as varied as software companies, food businesses and cosmetic dentists. We are able to advise on whether your business qualifies for the scheme, and how to maximise your claim.
Here to help
As specialist tax advisers, ETC can advise on all aspects of the research and development tax relief scheme.
We have a thorough understanding of the types of projects that qualify for research and development relief, the costs that come under the scheme, and how and when to make a claim.
With extensive experience of achieving generous tax savings for SMEs and larger businesses across varied sectors, we understand the intricacies of making a successful claim. We will manage the process on your behalf, presenting the most compelling case to optimise relief.
We can also provide advice on related areas such as tax efficient structures for your research and development operations – in the UK and overseas.
We are also able to identify and advise on all other relief schemes, including capital investment in plant and machinery (capital allowances), the Enterprise Investment Scheme (“EIS”) and Seed Enterprise Investment Scheme (“SEIS”).
You can be assured we will assess all aspects of your business and research and development project to maximise the tax savings available to your business.