R&D Focus
Frequently Asked Questions (FAQs)
Navigating the world of R&D tax relief can seem complex, but we’re here to simplify the process for you. Our expert team is dedicated to helping businesses identify qualifying activities, maximize their claims, and ensure compliance with HMRC guidelines—without the hassle. Explore our FAQs below to learn more about how R&D tax relief works and how we can support your business in claiming what you’re entitled to.
What is R&D tax relief, and how can it benefit my business?
R&D tax relief is a powerful government incentive designed to reward businesses for innovation. If your company invests in developing new products, processes, or services—or enhances existing ones—you could reclaim a significant portion of your costs. This relief can come as a cash refund or a reduction in your corporation tax bill, giving you the financial boost to reinvest and grow.
How do I know if my business qualifies for R&D tax credits?
If you are solving technical or scientific challenges in your industry, you likely qualify. Whether you're creating something new or improving an existing process, your work could be eligible—even if the project wasn't successful. Our experts can assess your eligibility quickly and with no upfront cost.
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What kind of projects qualify for R&D tax credits?
Projects that push the boundaries of science or technology count. This includes developing new software, engineering innovative solutions, improving manufacturing processes, and tackling industry challenges. If you're investing in progress, you're likely eligible.
How far back can I claim R&D tax relief?
You can claim R&D tax relief for the last two completed financial years. If you've never claimed before, now is the perfect time to unlock hidden cash from your past innovation efforts.
What costs can I claim under the R&D tax credit scheme?
Qualifying costs include employee wages, subcontractor fees, R&D-related software, materials used in development, and even utilities connected to the project. We'll make sure you don't miss a penny.
My company isn’t profitable. Can I still claim?
Yes! Even if your company isn't making a profit, you can still claim R&D tax relief and receive it as a valuable cash credit to fuel your business growth.
Why should I use your service instead of claiming on my own?
We specialise in maximising your claim while ensuring compliance, handling the complex paperwork, and freeing you up to focus on your business. Our clients often secure larger claims than they would alone, with zero hassle.
What are the common mistakes businesses make when claiming R&D tax credits?
Many businesses miss out by underestimating their eligible costs, failing to document their projects correctly, or misunderstanding the criteria. We make sure you avoid these pitfalls and claim everything you're entitled to.
Can startups and new businesses claim R&D tax relief?
Yes! As long as you have qualifying R&D activity and incurred eligible costs, even early-stage businesses can claim and benefit.
Do I need a dedicated R&D team to claim?
No, you don’t! R&D is often carried out by existing staff as part of their roles. If your team is working on solving technical challenges, we can help you claim.
Can I claim if my R&D project wasn't successful?
Absolutely. HMRC values the effort involved in tackling technological uncertainties—not just the end result. If you've attempted to innovate, you can claim.
What documentation do I need for an R&D claim?
We handle the heavy lifting for you. All we need are project details, payroll records, and cost breakdowns—we’ll take care of the rest and ensure everything meets HMRC's requirements.
How long does it take to receive the R&D tax credit?
HMRC typically processes claims within 5-8 weeks. We ensure your claim is submitted correctly and efficiently to get your funds to you as soon as possible.
How is the value of an R&D tax credit calculated?
The value of your claim depends on various factors, including when the costs were incurred and whether your company falls under the SME or RDEC scheme. Each scheme has different qualifying criteria and rates, but don't worry – we’ll handle the complexities and ensure you claim the maximum amount you're entitled to.
Can small and medium-sized enterprises (SMEs) apply for R&D tax relief?
Absolutely! SMEs enjoy enhanced benefits under the R&D tax relief scheme. If your business meets the eligibility criteria, you could receive significant financial benefits. We’ll guide you through the process and make sure you don’t miss out on any potential claims.
How is the value of an R&D tax credit calculated?
The value of your claim depends on various factors, including when the costs were incurred and whether your company falls under the SME or RDEC scheme. Each scheme has different qualifying criteria and rates, but don't worry – we’ll handle the complexities and ensure you claim the maximum amount you're entitled to.
Can small and medium-sized enterprises (SMEs) apply for R&D tax relief?
Absolutely! SMEs enjoy enhanced benefits under the R&D tax relief scheme. If your business meets the eligibility criteria, you could receive significant financial benefits. We’ll guide you through the process and make sure you don’t miss out on any potential claims.
What if my R&D claim is reviewed by HMRC?
While it's unlikely, if HMRC does review your claim, our expert team will handle it at no extra cost. If the review results in repayment, we offer a full refund of our service charge—so you're always protected.
How much do you charge for your service?
We operate on a no win, no fee basis—so if you don’t get paid, neither do we. Our fee is a percentage of the successful claim amount, ensuring our interests are fully aligned with yours.
How do I get started with my R&D claim?
Simply reach out to us! We offer a free consultation to assess your eligibility and guide you through the process from start to finish with no upfront fees.