R&D Tax Credits

R&D Tax Credits

The UK R&D tax credits incentive is one of the most generous tax reliefs currently available in the UK

It is a vital source of funding for many companies from startups to fast growth companies and international groups.

We can help you navigate how this tax relief might help release cash into your business and potentially become an important source of funding year on year to help grow your business

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Our 10X Fee Promise

You will receive at least a 10X return on your investment with us in preparing and filing your R&D tax relief claim

Our fees are calculated at 10% (plus VAT) of the R&D tax credit and/or corporation tax saving that we can secure for you PLUS our fees are capped at £10,000 (plus VAT) per claim.

So you will never pay us more than £10,000 (plus VAT) per claim

What are R&D Tax Credits?

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The R&D tax credits relief is a UK Government tax incentive designed to encourage UK companies to seek to innovate in their sector through the development of new products/services or by seeking to improve existing products or services

It is a Corporation Tax relief and is administered by HM Revenue & Customs (HMRC) via the Corporation Tax Self Assessment process

HMRC has specialist R&D Tax Units that deal with R&D tax relief claims

R&D Tax Credits: What is the definition of R&D?

The first important point to note about the UK R&D Tax Credits incentive is its breadth of scope

It can apply to any company in any sector so long as your company is seeking to:

  • develop a new product, process or service, or
  • improve or modify a product, process or service that’s already out there in the marketplace

You can consider development projects that were carried out in financial accounting periods ended in the past two years

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Our 10X Tax Return: A Simple Fee Structure

Given that you need to stand out from the crowd to be eligible to make a claim for R&D tax relief, we thought it only fair that we should also stand out from the crowd with our simple fee structure and approach.

Our fee is structured at 10% (plus VAT) of the cash tax credit and/or corporation tax saving that we can secure for you – PLUS we’ll cap our fee at £10,000 (plus VAT) per claim.

So the max that you will ever have to pay is £10,000 (plus VAT) for your end-to-end service (see further below).

And you will only have to pay our fee once you’ve received the refund from HMRC. There are no upfront or hidden charges.

A true 10X return for you!

Our R&D Tax Credit Claim Process – Claims made simple

Discovery Call

Step 1: Initial Free Discovery Call

A short discovery call to discuss your company’s activities and to give you an idea of the potential qualifying nature of your work

We won’t waste your time – if we don’t think your activities qualify for this relief based on our extensive experience, we’ll let you know

R&D   Meeting

Step 2: R&D Technical Meeting

A virtual meeting with you (and/or your technical team) to discuss all of the qualifying projects that the company undertook over the past two accounting periods

From this meeting, we will collate the necessary technical and financial information to commence our detailed work on compiling the R&D tax claim

R&D Claim Preparation

Step 3: R&D Claim Preparation

We will prepare the detailed technical report and supporting claim calculations in a format that HMRC prefer

We take care of all the prep work so that you can get on with running your business

Prepare for Submission

Step 4: Finalisation of the Claim

We will agree on the final version of the report and claim calculations

We will share the claim figures with your accountants for inclusion in the (amended) company tax return(s). Or we can prepare amended returns for you

Filing Claim with HMRC

Step 5: Filing of the R&D Claim with HMRC

We will ensure that your R&D tax claim is filed with the specialist HMRC R&D Unit and will track it through to agreement

HMRC normally process R&D tax claims within 4-6 weeks resulting in the cash being transferred to your bank account – only at this stage do you pay us our pre-agreed fee

We had a hard time claiming R&D tax credits since we were a company with a very niche and specific trade. Before meeting ip tax solutions, we tried to work with a few other R&D specialists but none of them managed to help us. None of them understood what we do, therefore, none of them managed to create a compelling and comprehensive claim even though they were all working in the tech/digital industry

Peter Istrate – Director & Founder At Moxels

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Can We Help You Release Cash into Your Business?

Let’s have a chat to find out

Contact Us

Tel: 0161 961 0096Email: info[@]iptaxsolutions.co.uk

Our Mission

We are committed to helping clever companies across the UK access and maximise government tax incentives: R&D tax credits, Patent Box and SEIS / EIS

Company Details

IP Tax Solutions Ltd is a UK company (No. 08353805) Company Registered Office: M-SParc, Menai Science Park, Gaerwen, Anglesey, WALES, United Kingdom VAT Registration Number: 155 1957 93 See our Terms & Conditions See our Privacy Policy

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