Did you know that SME businesses have been able to claim back R&D tax credits since 2000?
Some of the industries we cover for claims.
Manufacturing
Engineering
IT
Food & Beverage
Electric/Electronic
Construction
Top 5 regions in the UK claiming R&D Tax Relief
You are now entering an INNOVATION ZONE…
Please proceed with great ideas!
The Manufacturing sector will need almost one million workers by 2020 to replace those retiring or leaving the industry. UK manufacturing is amongst the most highly skilled in the world. British manufacturers are exporting some of the most cutting-edge technology and reducing emissions from products each and every day.
Atalaya mansion in South Carolina included running water throughout the 40,000 square-foot 55-room home in 1933.
Atalaya, Spanish for “watchtower”, was built in 1931-33 by William Thomson. Thomson took verbal instructions on how and what to build from Atalaya’s designer and owner, Archer Huntington.
During the 1700s there were a number of improvements in brick making. Blended clays, better moulding techniques and more even firing gave greater consistency in brick shape and size. The repeal of the brick tax in 1850 gave the brick industry a new impetus. Improved mixing and moulding machines, together with better firing techniques, allowed brick production to reach new heights.
The Latest Stories
Let’s begin by answering, what is the R&D Tax Relief Scheme? The Research and Development (R&D) Tax Relief Scheme is a government-backed initiative issued by the EU to encourage companies within the UK to invest into the research and development of their field. The scheme can have a huge impact for SMEs as it can significantly contribute to growth should…
Entrepreneur, Arif Punjani, has launched his own business, RnD Tax Refunds Limited to provide a dedicated service to firms across London and Wembley area, in claiming tax relief from HMRC for research and development activity carried out within their business – and many businesses aren’t aware is available to them. The government backed scheme was designed to reward innovation and…
The 5 Myths of R & D
Myth 1
The R&D tax credit is only for big companies
This is exactly what too many small and medium sized businesses think. The R&D tax credit is available for small and medium businesses, but you do need to put in a claim to get it. All too often SMEs act as though there was an invisible rope barring them from making a claim
Myth 2
The R&D Tax Credit is only for companies that invent something revolutionary.
The R&D tax credit is designed to encourage innovation. Therefore, it is available to companies who are attempting to improve existing products or processes. So, this simply isn’t the case. Any UK company which undertakes problem-solving activity in order to develop new and improved products or processes should consider making an R&D tax claim.
Myth 3
Our R&D project wasn’t successful so we can’t claim.
Just because your project wasn’t successful doesn’t mean it wasn’t worthwhile.
The project does not have to be successful to claim the credit. R&D Tax credit is effort based.
Myth 4
Submitting an R&D tax claim will usually lead to an HMRC enquiry.
It won’t. In our extensive experience, this simply isn’t the case. In fact, HMRC actively encourage relevant companies to claim and continue innovating.
Myth 5
It's all too good to be true.
Thousands of companies benefit from the R&D Tax Credit every year. The Government realise that we have a heritage of innovation and development. R&D Tax Credits are a way of acknowledging and encouraging that advancement.
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