Research & Development (R&D) tax credits can either reduce a company's tax bill or in some cases provide a refund of PAYE/NI contributions.
R&D tax credits
If you can answer yes to the following question then you probably qualify for R&D Tax Credits that will give you cash for your business:
- Are you a research or technology company or do you undertake research or technology development?
Many companies are entitled to R&D Tax Credits even if they have no profits against which to offset the expenditure. You can sell your tax losses back to HMRC.
Many businesses have not made any claims for R&D Tax Credits because the system is complex and the perception is that HM Revenue and Customs do not like paying out. Carbon Accountancy has extensive experience is dealing with R&D Tax Credits – including a full understanding of the nuances applied by HM Revenue and Customs.
If you would like to discuss whether your business is likely to qualify please contact us.
We are confident that we can offer your business the right solution and are therefore willing to complete R&D Tax Credit claims on one of three fee bases (you choose) as follows:
- Success-only fee
- Combination of lower fixed-fee and success-only fee
Taxation can be a minefield for many clients. We are able to guide you through this area in a way that is easy to understand.