Already claiming R&D Tax Credits?
Companies claiming R&D tax credits need to be aware that the smallest oversight in their claim can have major consequences towards the success of their submission.
Are you optimising your claim?
Whether it’s ensuring your submission meets with all the intricate HMRC compliance requirements, or is simply a matter of maximising the potential of your claim, 100% accuracy is critically important.
A submission made by yourself, an accountant or even an alternative R&D tax service provider may lack the precision assured by the team of expert consultants at randd.
Book a no-obligation R&D claim healthcheck
Any concerns you have about your tax claim submission can be alleviated by our introductory, no-obligation R&D claim healthcheck.
Fill out the form to schedule your healthcheck.
Receive full support in HMRC enquiries
With an HMRC enquiry rate of just 3% of our claims compared to the industry average of 20%, our process is proven to be robust.
If your R&D Tax Credit claim was the subject of an HMRC enquiry, would you be confident of a successful defence? You may be unsure of the best approach if you’re submitting claims yourself, through an accountant or a different provider.
At randd, our specialist compliance team are always available as part of our fully rounded service. Visit our Enquiry Defence page to find out more.
The healthcheck process
By reviewing your last one or two years of submissions, we can offer impartial advice based on what you have previously submitted. A member of our senior team assesses the quality and risk profile of the submission, as well as the figures to benchmark these against clients in the same sector. We also review your technical narrative to look for ways it can be improved or for anything that might have been missed.
Our aim is to gain an understanding of your submission background, which gives us a broader picture of what you have achieved within your business and the types of advancements you typically claim for. Due to the new level of compliance needed when submitting a claim, we can inform you of potential risks in future submissions and ways to provide them.
We understand R&D submissions can vary in quality. Based upon how you compiled your last submission, we want to ensure you are submitting a claim with your best foot forward next time. Get in touch with our dedicated team to maximise your R&D tax claims.
Why companies need help with R&D claims
There are various reasons why companies benefit from working with an experienced R&D tax specialist such as randd:
R&D tax can be a complicated subject
R&D tax can be complicated subject
Understanding all the legislation around eligibility and the UK tax code is not straightforward. Important aspects can be overlooked in submissions – and even the little things can make a big difference. We are fully versed in all the subtle nuances of the scheme.
Time constraints
Time constraints
Running a company is time-consuming and should be the principal focus of any business owner. Passing the management of an R&D tax credits claim to an expert adviser offloads a significant burden and leaves you free to concentrate on the performance of your company.
Uncertainty around qualifying costs
Uncertainty around qualifying costs
Ultimately, you have overall responsibility for your own claim, so you need complete confidence that your submission will be successful. Even if you are conversant with the process, having the right consultant to provide a second opinion helps to avoid any pitfalls.
To alleviate fears of non-compliance
To alleviate fears of non-compliance
If your R&D tax submission resulted in an HMRC enquiry, this would be stressful due to the risk of the claim being rejected or even a penalty being imposed. When you join forces with randd, you are assured of full support throughout the entire duration of the process.
Understanding the scope of R&D
Understanding the scope of R&D
Submitting an R&D tax claim is not simply a numbers exercise – it encompasses various requirements involving not only accounting records but also detailed analysis from an R&D expert in your industry. Our experienced team of sector specialists can produce a bespoke technical report.
Greater expertise than other providers
Greater expertise than other providers
If you are simply utilising the services of a regular high-street accountant for your R&D tax claims, they are highly unlikely to have the depth of expertise possessed by our team. We bring to the table not only the time to fully understand your business and all of its R&D activities, but also an exhaustive knowledge of the process.
Why should you change your R&D tax provider?
Companies claiming R&D Tax Credits need to be aware that the smallest oversight in their claim can have major consequences towards the success of their submission.
HMRC carry out random spot-checks and will question any inclusion that does not align with their definition of a valid claim.
We understand R&D submissions can vary in quality. Based upon how you compiled your last submission, we want to ensure you are submitting a claim with your best foot forward next time. Get in touch with our dedicated team to maximise your R&D tax claims.
If you are submitting the claim yourself, or are relying on your accountant or even another service provider, are you sure the appropriate time and resources are being devoted to what can be a hugely beneficial process for your company?
At randd, there are no distractions. R&D tax is all we do, and every one of our consultants has a full understanding of exactly what is required to make a successful claim.
Businesses which have experienced frustrations with other advisers, perhaps due to a lack of thoroughness or qualifications, come to randd because we go beyond the obvious – and we have proven our ability to uplift recently submitted claims significantly compared to an alternative provider.
Help with HMRC R&D enquiries
Much of our business stems from taking on HMRC rejections that were submitted by other R&D tax providers or the client themselves.
Problems occur when those submitting the claim are not sufficiently educated in the market and the result is sub-par, especially in regard to meeting compliance requirements, and consequently they lack the technical expertise to defend it.
However, teaming up with randd averts such difficulties.
When an enquiry from HMRC is received, it might merely comprise a letter containing a few questions which are simply seeking some brief clarification. This is usually the case when randd submits a claim – a short query to stress-test the validity of the R&D project undertaken.
By contrast, HMRC can also issue 40-page documents when they have significant concerns about a submission. We are happy to step in and help when clients find themselves in this position – but working with randd from the outset is likely to eliminate the potential for this to happen.
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“randd’s work has enabled us to launch sister companies which are now thriving.”
Chris Cox
Managing Director,
Trifibre Ltd -
“R&D Tax Credits have definitely helped the business…anything we make is reinvested. It goes into hiring more people, growing the team.”
Oliver Vlatchev
Chief Operating Officer,
Live 5 -
From the very start of engaging with randd I’ve found them incredibly supportive and professional. When our claim came up for a random review with HMRC, that’s when randd and their team were super impressive.
Allan Poole
Operations Director,
Clear Castle Ltd -
“Thoroughly professional organisation and excellent partner for R&D reporting. LMA Services has used randd for several years and with the increased requirements of HMRC, we are reassured in using such a professional organisation.”
Fraser Todd
Managing Director,
LMA Services -
“I’m so impressed with randd. They are very clear and take the hard work away from you. They are honest and really understand this area, I wouldn’t use anyone else for R&D matters.”
Shane Younger
Financial Director,
Jalin Design Ltd -
“The experience has been outstanding. Their team has consistently delivered excellent results, helping us recoup valuable funds with precision and professionalism. Thanks again to everyone at randd. We’ll definitely be working with you again next year!”
Paul Kenny
Managing Director,
Aquatrust Water and Ventilation Ltd
Frequently asked questions (FAQs)
I’m already claiming R&D tax credits. Why should I change what I’m doing?
Even if you are submitting successful claims yourself or via an accountant or alternative R&D tax provider, you may not be fully maximising your potential. There could be more funds available that would benefit your company.
How do I know my current provider is doing enough to maximise my claim?
They should be thoroughly assessing all your R&D projects and working with you through each stage of the process. Do you think all the appropriate expenditure is being included and resulting in the highest possible value of your claim? If not, contact us.
How do I keep track of changes to the rules that could affect my future claims?
We realise R&D tax is a complex subject and that not every company executive has the time to keep fully conversant with the evolving guidelines and definitions. Get in touch with us about anything you are unsure of.
I’ve claimed for the latest financial year. Can backdated claims be made?
Yes. You can claim up to two years after the end of the accounting period the R&D expenditure relates to.
Can you accurately predict how much R&D tax you can claim back?
An indicative guide can be obtained by using our free R&D tax calculator.
Why should I choose randd?
We understand it is often the easiest option to simply stay put. But the holistic service we offer, with our expertise in R&D tax legislation, claim processes and HMRC practices, and most importantly an unrivalled success rate, means we are the go-to specialist in this field.
Ready to discuss your unclaimed R&D Tax Credits?
Complete the form to request a call from one of our consultants or click here to send us a message.