Currently claims for research and development costs attract tax relief at 230%, an enhancement of 130%. This equates to HMRC potentially providing up to 33% of the cash required to develop new areas with your business.
Another statistic widely quoted is that 85% of German businesses claim a similar relief, still far more than UK companies. The chances are that your business could be eligible to make this claim and yet many businesses are failing to look at this valuable area.
- We will submit your report and amend your Corporation Tax return (CT600), incorporating your R&D tax credit calculation.
- We will follow up with HMRC to check on your claim’s progress.
- In the unlikely event that HMRC opens an enquiry relating to your R&D tax credit claim, we will resolve this for you.