AN UNTAPPED INJECTION OF INVESTMENT COULD BE YOURS

R & D TAX CREDITS

If you’ve invested in Research & Development, you may be eligible for up to 33% of what you invested as tax relief.

The Square Mile approach will give you the best chance of a successful R&D tax credit claim.

What are R&D Tax Credits?

In 2000 the government introduced a scheme to encourage scientific and technological innovation within the UK.  R&D is a Corporation Tax (CT) tax relief that may reduce your company’s tax bill if your company is liable for CT. Alternatively you may receive payment in the form of tax credit, which can be used to invest back into your company.

We will work with you to:

  • Identify any qualifying R&D activity
  • Calculate the qualifying R&D expenditure
  • Prepare and submit the claim application, in HMRC friendly terms to avoid any hurdles.
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Case Study

  • On corporation tax return that cost is “grossed up” to £230k
  • The £230k is the surrendered for a tax credit at 14.5k
  • Resulting in a cash injection of £33.35k (roughly 33% of original spend)