R&D Tax Credits

Reading

In terms of digital technology jobs, Reading is the third largest city in the UK. The growing technology industry takes in finance, medicine, gaming, AI and much more. Reading is home to over 11,000 organisations in the technology sector and hosts over 150 collaborative meetings each year.

Many of these companies will be eligible for R&D tax credits. Hundreds of companies have already benefited by making claims with the support of R&D Tax.

Start up companies, SMEs and large corporations could all be eligible for these incentives, which can cover many of the costs connected to developing new products.

If you companies develops new products, or improves what already exists, you may be able to claim R&D tax credits.

Our team of experienced tax consultants in Reading are here to assist you with your claim. We offer a FREE ASSESSMENT, to show if you are eligible.

Find out more

Does my project qualify?

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.

What costs can I 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.

Which scheme should I claim under?

Yes! Explore our claims calculator to discover how much an R&D claim might be worth for your company.

Is an R&D claim worth it?

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.

How long does it take to make a claim?

HMRC do not have a KPI for claims involving tax relief, payment times depend on the processing speed of your Corporation Tax Office. These are generally good, and 4-6 weeks is not untypical. For an SME payable R&D Tax Credit the KPI is 95% in 28 days. HMRC, in recent years, 2018 & 2019, have not been achieving this and claims have been taking 12-16 weeks to get paid. No KPI exists for RDEC and recent processing has been very slow.

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.