Make A Claim

What’s the process to claim R&D tax credits?

Specialized R&D tax credit claims are monitored and processed by HMRC and you can make a claim going back 2 accounting periods.

Although it is not a legal obligation, we recommend that an R&D technical report is produced that justifies the technical advancement and uncertainties as well as details the eligible expenditure that is being claimed on a project-by-project basis.

In order to maximize your R&D claim, we recommend speaking with an R&D tax specialist to ensure you’re not leaving money on the table.

In the past, we have been able to exceed the claim value for businesses who’ve previously compiled claims in-house.

Our Process

Discovery and assessment

Your dedicated point of contact and project team will introduce themselves and start to identify the information needed to create your claim.

Step 1

Information gathering and analysis

Our chartered tax advisers and sector specialists will gather all the information we need for your claim from you directly. We will create a bespoke methodology based on your records.

Step 2

Creating your claim

We will document your claim for you, explaining how your activities and costs have been assessed, and your total R&D tax credit benefit determined.

Step 3

Approvals and submission

We will share our reports with you for approval and will explain our findings. We will file your R&D tax credit claim for you via your Corporation Tax return (CT600) or work with your accountant to do so.

Step 4

Dealing with HMRC on your behalf

After we’ve submitted your claim via your Corporation Tax return (CT600) we’ll keep in touch with HMRC to ensure minimal hold-ups. In the unlikely event HMRC opens an enquiry, we will work to resolve this for you. Typically HMRC process claims and pay your credit in 4-6 weeks.

Step 5

Receiving your benefit

ou are rewarded for your investment in innovation and your Corporation Tax bill will be reduced or your cash benefit is paid into your bank account. That’s money to spark your next big idea and fuel your continued growth.

Step 6

Our Fees

Our fee is contingent on our success and so we don’t charge unless you receive a benefit. It is calculated as a percentage of the benefit you receive.

It covers a completely end-to-end service. We don’t tie you into fixed-term agreements and there are no hidden extras.

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Frequently asked questions

A business can submit an R&D tax relief claim at any time up to the first anniversary of the filing due date of the company tax return for the accounting period in which the claim is made (paragraph 83E(1) of Schedule 19 to the Finance Act 1998). This means that a business can make a claim for R&D tax relief going back 2 accounting years. The claim can be made in a company tax return or in an amendment to it.

Companies that produce new or improved business components, such as goods, processes, computer software, techniques, formulas, or ideas, which results in new or enhanced functionality, performance, reliability, or quality are eligible to claim for the R&D tax credits.

Your business can claim the cost of direct and externally provided staff, as well as items used and consumed directly in eligible R&D initiatives. Materials; the amount of water, fuel, and power used in the R&D process, are amongst them, as well as software, trials, prototyping and independent research costs may also qualify for R&D relief.