- repayment of corporation tax already paid. For every £1 of qualifying R&D spend, about 25p of corporation tax is repaid in cash by HMRC.
- where little or no corporation tax has arisen, a company may still be able to claim cash payments of as much as 33.35p for every £1 of R&D spend.
The message is clear – an R&D tax credit claim has the potential to generate significant amounts of cash for your business.
We are very much open for business and have a team of specialist tax advisers, scientists, engineers and software specialists who have 20 years’ experience of preparing claims. We are available to help you claim. We can prepare claim documentation by discussing R&D activities (currently by telephone) and advise on the costs that can be claimed.
It is surprising what activities can qualify for R&D tax credits so please get in touch to have a short, no obligation call with one of our experts to discuss whether a claim may be possible. It may well end up generating a significant amount of cash which could be critical to your business at this difficult time.
It is maybe an area that you have considered looking into but haven’t got around to it yet. Now is the time to do so!
Please do not hesitate to call Ian Farley on 07752 386 484 or contact him at email@example.com for further details.