Since 01/08/2008 an SME is defined as a business with:

  • Fewer than 500 employees
  • Annual turnover of less than €100 million
  • A balance sheet of less than €86 million

Most UK SMEs will satisfy this requirement. The question then is – which R&D projects qualify?

The questions that need to be answered are:

  1. What is the scientific or technological advance?
  2. What were the scientific or technological uncertainties involved in the project?
  3. How and when were the uncertainties actually overcome?
  4. Why was the knowledge being sought not readily deducible by a competent professional?

All Sectors Included

Many business owners believe, incorrectly, that R&D tax credits are available to businesses in the scientific sector. Whilst businesses in the scientific sector are eligible, so are businesses in every other business sector provided they satisfy the conditions.

These sectors include (not exhaustive):

  • Construction
  • Engineering
  • Building and insulation materials
  • IT & software
  • Renewable energy
  • New technologies
  • Safety and security
  • Electrical and electronics
  • Medical & dental equipment

How It Works

You do not need to change accountants to engage us to claim R&D tax credits on behalf of your business. All we need if your permission to deal with your accountants regarding R&D costs and your businesses’ past and current tax liabilities.

We will assess your case and provide you with a report on whether there is a possibility of making a successful claim from HMRC in respect of R&D tax credit.

We will handle all aspects of the claim on a No Win - No Fee basis.

Fees

Our fees are 25% plus VAT of any successful claim resulting in a tax repayment or reduction of a tax liability.

You will not be charged for any disbursements.

Simple.

Get in touch – you have nothing to lose.  Call us now on 0208 499 8050