Research and development (R&D) tax credits are a government tax relief designed to
encourage UK companies to invest in innovation. You could benefit from a reduction in your
tax bill, or cash back from HMRC straight into your bank account.
Sounds great! Am I eligible?let’s go! How can Ten Forward help?
If you are developing a new product or service, or you are improving an old one because it
just wasn’t quite right – then you may be eligible. If you’re wondering if you’re eligible,
then ask of yourself if any of these criteria apply:
If any of the above apply to you, then you may be carrying out activity that qualifies for R&D tax credits.
The good news is that R&D doesn’t have to have been successful to qualify. You can also include work completed for a client as well as your own projects. Some of the types of qualifying expenditure include:
Materials and consumables
Staff costs incl. salaries, employer’s NIC & pension contributions
Certain types of software
Subcontractors and freelancers
With R&D tax credits, you could save up to a third of every £1 you have spent on qualifying costs!
Which category do you fall into?
Your could claim up to
33 for every pound
spend on R&D
Large companies can
claim up to 8.8p for every
£1 spend on R&D
Our service is completely end-to-end, and importantly it includes dealing with HMRC on your behalf.
There’s only 4 simple steps between you and a successful claim!
STEP
First we want to sit down and have a discussion to learn more about you are your business!
Next we will review your accounts and expenses together and dicsuss your current R&D projects.
Once we are happy we have a solid claim, we will produce your R&D report and claim ready for your approval.
We deal directly with HMRC on your behalf, from getting the claim approved to chasing the money in the bank.
Success! Once the claim has been approved, the funds should be with your in 4-6 weeks!
We charge a fixed fee of 20% of the tax saving. If the claim is unsuccessful or
you do not qualify, there is nothing to pay!
In the years that we have been completing R&D tax credit claims, we have not yet had one rejected – so we feel pretty
confident that we can help you to get a successful claim and some funding back into the company.