What are R&D Tax Credits?
R&D Tax Credits are a company tax relief for research and development. They can either reduce a company’s tax bill or, for most small and medium sized companies (SMEs), provide a cash lump sum of up to 33% of R&D expenditure.
It isn’t just software engineers and people in white lab coats – you may be surprised as to what could qualify….
Our R&D Tax Credits Process
Looking to find out how you can claim tax relief for your company’s research and development work? Here’s what we do to help…
- Establish if your business qualifies for R&D tax credits
- Assess whether your R&D activity is eligible to support a claim
- With your input, we will compile and submit your claim to HMRC
- Keep you fully informed during the process through to your tax credit being received
As one of the UK’s leading R and D tax credits specialists, our aim is to make the process as simple as possible.
Based in Derby, since randd was formed in 2008 we have helped thousands of UK businesses to successfully claim back millions of pounds using the R and D tax credits initiative. We maintain an exceptional success rate with an average claim sum of around £50,000.
Our passion for what we do translates into our clients’ success, and we have developed a strong reputation within the research and development tax credits field built upon our specialist knowledge in this niche area of tax.
What truly differentiates us is our team of expert consultants, who have an unrivalled breadth and depth of senior level experience covering a wide range of industry sectors. In 2020, we joined the K3 Capital Group, sitting alongside a selection of other companies which provide a comprehensive range of business services.
We have claimed back nearly £250million in tax credits for our valued clients. Here are some of the R&D claims we have successfully submitted: