R&D Tax Credits
Sheffield
Sheffield has a thriving technology sector, employing over 22,000 people. Institutions like Factory 2050, which allows companies to collaborate in the research and development of new automation and robotics technology, support the technology industry in Sheffield. At R&D Tax, we also support the technology sector, by helping hundreds of companies claim R&D tax credits. This allows them to maximise investment in innovation and development of new products.
If your company creates new products, develops new software - or works to enhance what is already in place - you may be eligible to claim R&D tax credits.
Our team of tax consultants in Sheffield will be able to help you. We are here to guide you through the entire process, from identifying if you are eligible to claim through to receiving your payment.
What’s more, we offer a full tax consultancy service on a no win, no fee basis. We also offer a FREE ASSESSMENT, so you can find out if you are eligible at no risk.
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The short answer is to contact us!
These 3 questions to help guide you on whether your project qualifies for R&D tax credits;
- Does your company develop new products, processes, services or materials, or develop science and technology to enhance existing ones?
- Does your company set out to achieve an advance in scientific or technological knowledge or capability?
- Does your project involve and technical or scientific uncertainty that a professional in your field cannot readily resolve?
If your project can answer yes to all these questions then it’s worth investigating further if you have an R&D claim.
Each ‘cost’ has specific rules around the correct treatment. However, some notable costs you can claim R&D credits include; staff costs, software, consumables and sub-contractors.
Yes! Explore our claims calculator to discover how much an R&D claim might be worth for your company.
This is the big question. We cover it on this website in the R&D Tax Claims section, but this is not exhaustive. If you think you might qualify, message us using the form below and we can get the conversation started.
Where the corporation tax rate is 19% a claim that just generates tax relief is worth 24.7% of qualifying costs, and R&D Tax Credit Claim is worth between 18.85% & 33.35% depending on the tax position. RDEC is worth 9.72% assuming it is payable after caps and offsets. Try our free estimator tool to find out more about what you could potentially claim.
Get in touch with our regional consultants for a free assessment.
Our expert advisors have wide experience and knowledge in R&D tax claims. Get started today with our Free Assessment or find out more about how you can claim R&D tax credits, if your company is eligible, how much you can claim and much more.
Your Regional Consultants
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Stuart Raison
Richard Gerard
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