Research & development tax relief may reduce your company’s tax bill or you may receive a payable tax credit from HMRC.
Identify the scope of the R&D tax credits claim and any specific issues which impact the claim, such as understanding a qualifying project with qualifying costs.
Understand the technical element where the advance in knowledge or capability in a field of science or technology is established.
Eligible costs are those that relate to the activity of resolving technological uncertainty, both directly and for some costs indirectly.
Internal compliance check. Then the accountancy handling of the claim, including filing the claim correctly with supporting information.
Depending on the nature of the benefit, scheme, and HMRC workload they process and pay the claim in 4-16 weeks.
Current HMRC guidance confirms that if you have additional income in excess of £1,000, you will need to register and complete a s-assessment tax return.
Speak to our client support team and they will be able to register you