What would I be able to claim for on R&D?

R&D rebates can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects.

Looking to make an R and Claim?

 

To put it simply, Research and Development Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. Companies are able to reduce their tax bill or claim payable cash credits as a proportion of their R&D expenditure. R&D rebates can be claimed by a range of companies that seek to research or develop an advance in their field. It can even be claimed on unsuccessful projects.

 

So the above question, as you would expect, is a very common one and one we expect to hear from anybody not already benefiting from R&D rebates. Luckily, with Money Sphere, it isn’t as complicated as it sounds, R&D rebates just need an expert at hand to be able to decipher the areas of your business which can contribute to the maximum return possible.

 

The 5 areas which make up R and D claims are…

  1. Staff wages
  2. Agency Staff
  3. Subcontractors
  4. Software
  5. Consumable items

 

On all of the above, we would spend time talking through all costs associated with running your business which are deemed as R&D, post conversations & ensuring we have covered each aspect we would then start to build your claim pack cross referencing all of our findings making sure that HMRC have no delays in approving your R and D claim.

 

Money Sphere has a 100% success rate and we work in a wide variety of sectors, from recruitment businesses to manufacturers. To date. we have recovered tens of millions, but the process doesn’t just end with us submitting your R and D claim, we also provide guidance and tips on how to account for all future aspects of your business ensuring the maximum possible return.

 

Think you have a claim for R&D? Click here to learn more and get started.

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