R&D Knowledge Base
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Many accountancy firms or small tax advisors are financial specialists but not scientists or technologists and are not sure if the work that their clients do will qualify for UK R&D tax relief . As such they frequently rely on the clients determining whether or not they qualify but often the clients will also not know whether their work qualifies under the tax definition of R&D and valuable relief goes unclaimed.
Potentially any of your clients that employ scientists, engineers or software developers can make a claim which can allow SMEs (EU definition) to deduct 175% of their R&D costs against profits or if loss-making to receive a tax credit of 24.5% of their R&D expenditure. Large companies can deduct 130% of their R&D costs against profits, a net benefit of 8.4% for a 30% tax payer. We are happy to work in partnership with you, allowing you to offer R&D Tax Credit consulting to your clients as an added value no-win no-fee service with a profitable revenue-share for yourselves.
Please contact us for more details |