Transport R&D Tax Credits
The transport industry is worth a huge £100bn to the UK economy each year. Transportation and logistics also employs almost 10% of the entire UK workforce. Transportation, whether it is freight, public transport, planning or logistics is an industry that thrives on innovation, whether it is the development of more efficient fuels or traffic management systems. The scope for research and development in the transportation sector are huge, and many businesses in the sector could benefit from R&D tax credits. This is where RandD Tax can help. Our team of highly experienced, expert tax consultants are on hand to process your R&D tax credits claim, all the way from identifying if you are eligible to make a claim all the way through to your final payment. R&D tax credits can take the form of a direct cash payment or a reduction in corporation tax. Either way, they can be used to fund many of the expenses businesses face when developing new processes or products. This includes:
- Staff costs
- Software expenses
Can I claim transport R&D tax credits?
If you aren’t sure if your business is eligible to make a claim for R&D tax credits, the best thing you can do is contact us. We offer a FREE ASSESSMENT to identify if you can make a claim. We also operate on a no win, no fee basis. There is no risk when you make a R&D tax credits claim with RandD Tax.
If you still aren’t sure if you can make a claim, your business will be able to claim tax credits if:
- It is a limited company, subject to corporation tax
- It takes part in researching or developing new products or processes - or improving existing ones
- It spends money on these projects
Our experienced tax consultants are on hand to answer any questions you have. We will be able to take you through the entire claims process, ensuring that your claim goes to HMRC as quickly as possible, so there is no delay with your R&D tax credits payment.
How to claim transport R&D tax credits
At RandD Tax, we understand that running a business involves balancing a lot of different plates. That is why we are here to take the stress of claiming R&D tax credits away. After all, transportation is an industry driven by exact schedules. You have a lot more to think about than making an R&D claim yourself.
Our expert tax consultants are here to handle you claim for transportation R&D tax credits for you. We have the experience and expertise needed to process your claim, so you can concentrate on the day to day running of your business.
Contact RandD Tax today to find out more. Or read this case study to see how companies can benefit from transportation R & D Tax credits.
Get in touch today regarding transport R&D tax credits