Existing R&D Tax Claims – Is Your Current Claim Correct?
If your company is already claiming for R&D tax, it’s essential to ensure that your existing R&D tax claims are fully accurate and compliant. Even a minor oversight can impact the success of your submission and affect your business.
Are you maximising your claim?
Whether it’s ensuring your submission meets intricate HMRC compliance requirements or simply making sure you’re getting the most out of your claim, 100% accuracy is crucial.
A claim made by yourself, an accountant, or another R&D tax provider might lack the precision and depth offered by highly-experienced and qualified R&D tax specialists like 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 during HMRC enquiries
When randd supports a claim, our HMRC enquiry rate is just 3%, well below the industry average of 20%, which continues to rise as compliance requirements increase.
If your R&D Tax Credit claim were to face an HMRC enquiry, would you feel confident defending it?
Whether your claim was submitted internally, through an accountant, or via another provider, our expert team can step in to support you as part of a fully rounded service. Visit our Enquiry Defence page to find out more.
How Our R&D Tax Claim Health Check Works
We begin the process by reviewing the last one or two years of your existing R&D tax claims, giving us a clear understanding of what has been submitted and how your R&D activities have been presented.
A senior R&D tax consultant will assess the quality and risk profile of your submission, checking compliance standards against industry benchmarks and reviewing your technical narrative to identify any potential improvements or any areas where value may have been missed.
This allows us to optimise your existing claim by strengthening its technical and financial accuracy, ensuring it is both robust and fully compliant.
Beyond improving previous submissions, we also help maximise the value of future claims. As compliance standards continue to evolve, we ensure your next submission is prepared to the highest standard, reducing risk while increasing potential benefit.
With the right support in place, you can approach future R&D tax claims with greater confidence and clarity.
Why companies need help with R&D Tax Credit claims
There are various reasons why businesses benefit from working with an R&D tax specialist like randd:
R&D tax can be complex
R&D tax can be complex
The rules surrounding eligibility and the UK tax code can be difficult to navigate. If you’re unsure how R&D tax relief works in practice, you can read more about R&D Tax Credits here. Small oversights can result in a less-than-optimal claim. At randd, we’re experts in all the nuances of the scheme and ensure that nothing is overlooked.
Time constraints
Time constraints
Managing a business is time-consuming. By handing over your R&D Tax Credits claim to an expert adviser, you free up your time to focus on what truly matters – running and growing your own business.
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. Understanding the complexities of accounting for R&D Tax Credits is also crucial to ensuring your submission is accurate and fully compliant. Even if you are familiar with the process, a second opinion from the right consultant can help you avoid pitfalls and ensure your claim is as robust as possible.
Avoiding the stress of non-compliance
Avoiding the stress of non-compliance
If your R&D tax claim faces an HMRC enquiry, the stress and potential penalties can be overwhelming. When you join forces with randd, you are assured of full support throughout the entire process.
Understanding the scope of R&D
Understanding the scope of R&D
R&D tax claims are not just about numbers – they require a detailed analysis that aligns with your industry’s specific requirements. Our experienced team of tax, finance, and technical professionals can produce a bespoke technical report.
Expertise beyond other providers
Expertise beyond other providers
Working with a high-street accountant might seem like an easy option, but they may not have the same depth of expertise that randd brings. We focus solely on R&D Tax Credits and have the time to fully understand your business’s R&D activities, alongside an exhaustive knowledge of the process.
Why should you change your R&D tax provider?
Even the smallest oversights in your claim can have major consequences towards the success of your submission. HMRC often carries out spot-checks, questioning any elements that don’t meet their criteria for a valid claim.
If you’ve been submitting claims yourself or through an accountant or other provider, are you sure they’re dedicating the time and resources needed to strengthen your claim?
At randd, R&D tax is all we do. All our consultants are experts who understand exactly what is required to make a successful claim.
Many businesses who have experienced frustrations with other advisers come to randd due to a lack of thoroughness or expertise. We go beyond the obvious – and we have proven our ability to uplift recently submitted claims significantly compared to other providers.
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 claims are not sufficiently experienced in the market, meaning their submissions can miss the mark, particularly in meeting compliance requirements, leading to HMRC enquiries.
If you receive an HMRC enquiry, it could be a simple request for clarification – something we can handle with ease. However, when the issue is more complex, we’re ready to step in and offer expert support to resolve it.
Working with randd from the outset reduces the likelihood of an enquiry altogether, helping you stay ahead of the game.
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“Good understanding of our business and expert technical advice provided to enable us to successfully process accurate and timely R&D tax returns.”
Nick Lathe
,
Mec Com -
“randd did exactly what they said they would, they helped us identify costs in our business which qualify as R&D. Excellent service would recommend to any business.”
David
,
Whites Bakery -
“For a complex subject, randd take away the work and make the process really clear. We were very lucky to have Dr Jason Branigan be our key contact – very knowledgeable and concise. The other staff were also very professional. I can’t think of many companies I’ve been this satisfied with.”
Shane Younger
,
Jalin Design -
“Brilliant support in terms of both technical and accounting gives the confidence and trust in the R&D tax credit claims process. Jason Branigan has supported us across two companies and two years, both of which were conducted efficiently, productively, and accurately.”
Roger Courtney
,
Sunstone -
“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
FAQs about existing R&D tax claims
I’m already claiming R&D tax credits. Why should I change my approach?
Even if you are successfully claiming R&D Tax Credits on your own or with an accountant, you might not be maximising your potential. There could be more available funds that would benefit your company.
How do I know if my current provider is doing enough?
They should be thoroughly assessing all your R&D projects and working with you through each stage of the process. Are all the relevant expenditures being included and resulting in the highest possible value of your claim? If you’re unsure, contact us.
How do I keep track of changes to R&D tax guidelines?
R&D tax is a complex subject, and it’s easy to miss changes in evolving guidelines and definitions. Working with a R&D tax specialist ensures nothing is missed – get in touch with us if you have any questions.
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 related to the R&D expenditure. You can read more about the R&D claim deadline here.
Can you predict how much R&D tax I can claim?
While we can’t provide an exact figure without a thorough review, you can get an indicative estimate using our free R&D tax calculator.
Why should I choose randd?
We understand it can be easier to stay with your current provider. However, the holistic service we offer, combined with our deep knowledge of R&D tax legislation, claim processes, and HMRC practices, means we’re the trusted specialists 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.