Call Now 01823 740006

business start
JUST STARTING
A BUSINESS?
RD tax relief
R&D TAX
RELIEF
Request Callback
REQUEST A
CALLBACK
Free Consultation
FREE
CONSULTATION

RESEARCH & DEVELOPMENT

THE UK'S CURRENT RESEARCH
AND DEVELOPMENT ("R&D")
TAX RELIEF SCHEME IS ONE OF
THE MOST GENEROUS IN
THE WORLD.

Aimed at encouraging innovative activities within UK companies, the relief provides small and medium-sized companies with an enhanced corporation deduction equal to 130% of qualifying expenditure during the period, meaning a company receives a tax deduction of £2.30 for every £1 spent on R&D.

SEE HOW MUCH YOU COULD SAVE

Has your business developed innovative technology in its industry? Or has it been pushing the boundaries of modern-day science or technology, improving existing processes? If so, are you maximising the tax relief you could be claiming on the costs of doing so?

The benefits of R&D don't stop at the additional tax relief; the legislation recognises that a lot of companies undertaking R&D will not be generating profits, and so the enhanced deduction alone might not benefit all companies. It therefore goes further and allows loss-making companies to surrender their losses in return for a non-taxable cash credit, helping to support further R&D activities.

Whether your company’s R&D activities have proved successful or not, and regardless of the level of expenditure you have devoted to it, it could qualify for these substantial tax savings. The team at Walpole & Co has extensive experience in preparing successful R&D tax relief claims, and know exactly how to produce a claim capable of being accepted by HMRC on its initial submission. In addition, our commitment to providing a cost-effective service means that we offer this at a rate no R&D boutique or traditional accountant can match. Why not try our calculator to see how much you could save.

Even if your company's R&D activities ultimately proved unsuccessful or have now ceased, if you think your company has undertaken R&D within the last two years, contact us without delay to arrange an initial no-obligation, no-cost meeting.

 

Kashflow

IRIS Openspace