R&D Credits | Research and Development Tax Relief

As an R&D tax specialist, we’re here for you

Having prepared hundreds of successful claims, we’re not just here to help you understand the R&D tax relief process and prepare the report, we’re here to ensure that you benefit from the savings that result.

A qualifying project can mean reducing your tax bill or, if loss-making, receiving a cash tax credit repayment. We’re happy to talk you through these and any other queries you may have – so feel free to get in touch!

Further Details

Eligibility

Companies are overlooking huge amounts in R&D tax relief. Is your business one of them?

R&D tax is all that we do, so if you need to talk through any of your projects in more detail, we’re ready to help. Answer yes to these 3 questions and you could be able to claim R&D tax relief:

‘Advance’ is more wide-reaching than many people realise and includes:

Appreciably improving a process, material, device, product or service.
An advance that may have already been achieved by a competitor, but the know-how behind the development is a trade secret.
Combining known technologies in a different way to produce a new technology.
Adapting known technology to be used in a different way or applied to a different product or service.

For example in:

Manufacturing – Improving a process to manufacture something more cheaply, quickly or efficiently; or designing/developing manufacturing processes when producing new prototype parts made from new material.

Construction – Designing bespoke fixings to accommodate extreme weight of large/unique features; or developing a method for construction within a confined space.

Architecture – Designing new ways of accomplishing unique architectural features; or appreciably improving energy efficiency.

IT – Combining known technologies in a different way to produce a new technology; adapting IT to a niche industry; resolving conflicts within hardware or software; or creating new/more efficient algorithms.

Scientific and/or technological uncertainty must exist.
It’s the costs associated with resolving these uncertainties that go in the R&D tax relief claim.
The project must involve ‘hands-on’ research and development by competent professionals to overcome these challenges.
Failure and/or workarounds are good evidence of the uncertainties faced.
If a project is routine and no uncertainty exists, then it won’t qualify for R&D tax relief.

Notes:

Because the know-how behind your development isn’t in the public domain; or, it may be that a competitor has managed to achieve the advance you are seeking – but the know-how behind their development is still a trade secret.

Either way, a competent professional working in the field would need to carry out hands-on R&D to achieve the same end goal.

Making a claim

A successful claim can make a huge difference to your business.
Do you have the right support?

Free, no obligation initial consultation

We’ll take the time to sit down and talk you through everything, advising on viability and how best to proceed.

Detailed discussion and close liaison with your team

Once you’re happy to proceed, we’ll gather all the relevant information from you and your team to get a good understanding of your project and build a successful claim. And there’s no need to change your accountant for this – we’ll work with them to keep everything running smoothly.

Preparing your report

Your supporting report is what determines the success of your claim. We’ll structure and present it in a format that’s HMRC-friendly. And, to limit the risk of an enquiry and any subsequent delay, we’ll aim to answer HMRC’s questions before they ask them – this is where our experience is key.

Monitoring progress to ensure everything’s going to plan

We’ll keep in touch throughout the process and once your claim’s been submitted to make sure it’s being processed correctly and everything’s on track.

Competitive and risk-free contingency fees

Because of our lower overheads, you’ll benefit from extremely competitive fees for a comprehensive end-to-end service. And there’s no need to pay them until your tax relief has been agreed by HMRC.

Accountancy support for R&D tax relief

If R&D tax isn’t your specialist subject, let us put some much-needed relief into your claims …

Consultancy and advice service
Here to answer your queries when your organisation is preparing R&D tax relief claims.

Fixed-fee review service
Reviewing claims prepared by your organisation to help avoid pitfalls and maximise tax relief.

Support with R&D tax relief enquiries
Managing the enquiry process and resolving queries quickly and efficiently.

Refer a claim to us
We’ll look after the claim from start to finish and work with you to give your client an outstanding service, with commission paid for referrals.

“Hundreds of thousands of £££s in R&D tax relief … a joy to work with!”

“I’ve worked with Simtax for more than 5 years and, during that time, Simone has been responsible for helping clients obtain hundreds of thousands of £££s in R&D tax relief. In some of those cases, the client was unsure whether their situation specifically entitled them to make an R&D claim; but by understanding their business, Simone was able to advise what was best and then work alongside us to guide them through the whole process.

I would have no hesitation recommending Simtax to organisations who think they may qualify for R&D or need support. As well as being at the top of her field and extremely efficient, Simone never gets ruffled and is very grounded when it comes to fees.

What’s more, she’s a joy to work with!”

Alan Morgan, Whitley Stimpson Ltd and Alan Morgan Business Strategist

R&D Tax Relief

As an R&D tax specialist, we’re here for you

Eligibility

Making a claim

Accountancy support for R&D tax relief

“Hundreds of thousands of £££s in R&D tax relief … a joy to work with!”

Could you do with some expert help?