Protect your R&D tax breaks, guaranteeing your claim is correct and getting all the money you deserve.
Count's approach guarantees you claim the maximum R&D Tax Relief, reduces the risk of inquiries, and saves you time, funds, and hassle."
Our experts collaborate with your tech team to identify qualifying R&D projects. We then create a comprehensive technical report for HMRC, outlining the eligibility of your projects.
R&D Tax Relief constantly evolves. Rules get stricter, and eligible costs shift. Our specialists stay updated, ensuring you're never blindsided by legislative updates.
We pinpoint every eligible expense in your financials, even those linked to indirect actions. Our experts guide you through ambiguous zones, making sure your claim meets standards.
Our experts collaborate with you to enhance the monetary benefits of your relief or cash credit across your business or corporate group.
At Count, we don’t just look at numbers; we delve into your business’s core activities. Our comprehensive assessment identifies every potential R&D activity, ensuring you’re not missing out on any tax credit opportunities. Our team of experts will guide you through the intricate eligibility criteria, ensuring you’re well-equipped to harness the full financial benefits of your innovative projects.
Our commitment at Count goes beyond identification. We meticulously gather, organize, and present the necessary documentation to bolster your claim. From calculating direct research costs to the indirect overheads associated with R&D, we’ve got you covered. Our detailed technical report will not only substantiate your claim but will also paint a vivid picture of your R&D endeavors, making a compelling case for the tax relief you deserve.
The world of tax regulations can be a maze, but with Count by your side, you’re in safe hands. Should you face any inquiries or audits by tax authorities, we’re right there with you, every step of the way. We ensure your R&D tax claim is compliant, up-to-date, and defensible. And if an audit comes knocking, we’re ready with the necessary documentation and expertise to defend your claim, minimizing risks and ensuring your peace of mind.
R&D tax relief was put in place when the government introduced the R&D tax relief in 2000 as an incentive to UK businesses to invest in advancements in the fields of Science and Technology. It rewards businesses across any sector by allowing them to reclaim some of their R&D expenditure.
Whether you are developing products in a lab or refining a manufacturing process as long as you are making an advance in science or technology, you could qualify for R&D tax credits. It could be a project to develop a new process, product or service.
HMRC have provided guidance on what types of activity needs to be present in the project for it to qualify for the relief:
How much you can claim for depends on your company size. SMEs can claim an effective 14-33% on qualifying costs. For large companies, a tax relief credit of effectively 8.8% is available under the Research and Development Expenditure Credit scheme.
Absolutely – the scheme is designed to help anyone who’s made R&D expenditures towards science & technology advancements. If a you’re a non-profitable business, you’ll receive a cash sum.
The purpose of the scheme if to reward innovation, not just successful or completed projects. If the project’s costs fall within the financial year you want to claim for and the eligibility criteria are met, then a claim can be made. If the project is ongoing there is potential for past, as well as future claims.
Yes – the purpose of the scheme is not the outcome of the project,but the investment the company made towards technological advancements and intent that matters.
We aim to review, complete and submit your claim in 2 weeks. When there is an impending deadline we do our best to accommodate. However, this process requires your input and final approval, therefore we are dependent on your availability to discuss the projects with our specialist claims team. (They usually require a couple of hours of your time at the most.)
Only a small amount of claims become subject to an HMRC inquiry, and if this is the case for yourselves, using a specialist R&D claims expert can help increase your chances of success.
Depending on whether a company is profitable or not, R&D tax credits can be paid in one of three ways; a Corporation Tax rebate, cash credits, or an enhanced expenditure that a business may carry forward against future profits.
To complete the claims process successfully, you’ll need to prove your eligibility and work out how much you can claim. Qualifying revenue costs include staff wages, utilities, consumables, materials and subcontractors. Capital expenditure is a complex area for which you may also be able to claim, but it’s wise to seek advice about this – speak with us to learn more. Claims need to be submitted to HMRC.
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Maximizing your R&D tax benefits Protect your R&D tax breaks, guaranteeing your claim is correct and getting all the money you deserve.Spend less time on reports Avoid digging into expenses Claims that follow the rules Predict your R&D claim with Count’s pros
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