R&D Tax Relief

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The UK Government’s Research and Development (R&D) Tax Relief is a way of giving companies involved in innovation of scientific and technological projects tax relief or even a cash credit on the qualifying costs involved. The system also helps make the UK an attractive location for innovative companies to establish their businesses.

From 1 April 2024 most companies will claim for R&D tax credits under the new single merged scheme for R&D tax relief regardless of the size of the company which is a change from the former SME and Large company schemes that applied in the UK. Loss making companies SMEs that spend on R&D may instead be eligible to qualify for the more generous Enhanced R&D Intensive Support (“ERIS”).

R&D Tax Relief is underutilised, often poorly calculated when claimed and there are many misconceptions; that it is only applicable for traditional ‘science’ led sectors; that it’s too complex and time consuming; and that it’s only for a narrow range of R&D activities or costs.

HMRC are scrutinising claims, with a huge number of claims falling under their compliance checks and with a huge administrative burden resulting from the recent changes announced to tackle fraudulent claims including the Claim Notification Form and the Additional Information Form. Our team’s strength is in their knowledge of the tax relief, the requirements of submitting a claim and their tenacity in managing the claim process from start to a successful outcome. We can advise you whether to claim under the merged scheme or identify if you are instead eligible for the more generous ERIS tax relief.

How Alliotts’ R&D specialists will help you with your R&D tax relief claim

• We will guide you with making your R&D tax relief claim, initially discussing with you what activities you may be undertaking and reviewing if a claim is cost effective.
• We’ll then start work on your claim by identifying areas where you are eligible to make a claim.
• We’ll manage the complex application process on your behalf liaising with your technical team to ensure accuracy and compliance.
• We’ll liaise on your behalf with HMRC to ensure that you receive the correct tax relief due, promptly.

Alliotts R&D specialists

Leaving your R&D claim in our capable hands makes the whole process hassle free and lets you focus on growing your business. We can assist as much or as little as you need us to, with the support of your technical team. We have experience of the process, the information that is required for a claim and as accountants we understand the numbers. We know that no two businesses are the same, and so we adapt our approach to match your situation.

About Alliotts’ R&D specialists:

• An impressive track record of successful R&D tax relief claims
• A history of identifying and submitting claims for activities which have previously been overlooked.
• Management of the process from start to finish, from preparing the detail of the claim to filing it with HMRC.