R&D Tax Credits
Swansea
Swansea has a thriving technology sector. Industries ranging from life sciences, engineering, creative arts and manufacturing all have an important place in the local economy. Many of the major players in these industries benefit from working collaboratively with top academics at Swansea University. They may also by also be able to benefit from claiming R&D tax credits. In fact, R&D Tax have helped hundreds of businesses of all sizes maximise their investment in new products by claiming R&D tax credits.
Whether your business is a start-up, an SME or a large corporation, you may be able to claim tax credits if your business develops new products, enhances existing products or creates new processes.
Our team of highly trained tax consultants in Swansea are on hand to guide you through the claims process. We will support you every step of the way, from identifying if you are eligible to make a claim all the way through to the payment.
What’s more, we provide a full service tax consultancy on a no win, no fee basis. Our FREE ASSESSMENT means there is no downside to finding out if you are eligible to make a claim.
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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.
Yes, it is worth it! On average our clients have claimed over £103k each. Our consultants do everything they can do to make the claim process as easy as possible.
Generally, no. R&D expenditure relates to revenue expenditure. It is possible under the intangible assets regime to capitalise revenue expenditure. This expense can be claimed if it is deducted back in the tax computation or when it is amortised.
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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Alan Evans
Stuart Raison
Richard Gerard
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