£450,000+ in R&D Tax Relief Secured
- More than £450,000 secured in R&D tax relief with randd
- Specialist support helped identify previously missed qualifying costs
- R&D and Patent Box relief supports continued investment
The Client
A leading specialist in the design and supply of synthetic surfacing systems for sport, play and leisure, which has built a world-class reputation.
It is the preferred synthetic surfacing supplier for many schools, clubs and regional, national and international sports bodies, as well as local authorities in the UK and Europe.
The company pushes the boundaries by pioneering products the industry has not offered before, with a focus on sustainability, resulting in a large amount of R&D utilising different materials and concepts.
The Challenge
By submitting its own claims and writing technical reports internally, the company had not been capturing the full range of qualifying activities and costs.
The company had also been making Patent Box claims through another provider. Having subsequently learned randd offered Patent Box support, it decided to centralise both services with one specialist adviser.
Our Approach
There was a strong focus on helping the company understand the different elements of an R&D tax claim and identifying qualifying activities and costs that had previously been overlooked.
By developing the company’s understanding of what could be included and the evidence required, we helped establish a more effective year-round approach to record-keeping. Relevant information could be captured as projects progressed, making the claims process considerably easier.
The Result
The enduring relationship between the company and randd has helped secure over £450,000 in tax relief to date, supporting continued investment in innovation.
“The service we have got from randd has always been excellent. When I was asked to do these claims internally I had no prior knowledge of what was needed, so randd made it easy and have been super helpful.
“I look forward to working with randd on future claims.” – The company’s Technical Manager.
randd continues to support the company with innovation incentives and Patent Box claims, along with any Grant Funding applications.
Strategic Impact
Innovation incentives have enabled the company to continue investing in R&D and expanding its product range.
As an SME with lower budgets than some of its competitors, the company has consistently invested in R&D to develop unique products.
The tax relief secured provides valuable additional support for this activity, encouraging the company to increase its investment in innovation each year.
With a long-standing commitment to patenting its products, Patent Box provides further incentive to continue developing and protecting innovations in the future.
Could specialist support help you get more from your innovation?
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