Check your Eligibility

Our clients are regularly surprised at what counts as research and development.

Find out now if you qualify by using our simple tool below:

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    Your Business
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    Industry Sector
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    Your Finances
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    How to Claim

Can you answer yes to the following?

Are you spending money on developing new processes, products or services?

Were those projects started in the last two or three years?

Have you attempted to design a new product, process, system or service or improve an existing one, either for clients or for internal purposes?

No

FAQs

If you are new to R&D Tax Credits, or have made claims in the past, you may have various questions you’d like answered, so we’ve put together a list of FAQs to help you along.

What is R&D Tax Credits relief?

The UK Government introduced R&D Tax Credits in 2000 to stimulate business innovation. R&D Tax Credits relief allows companies that carry out development of innovative products, processes and services to claim an extra corporation tax deduction for doing so.

What does our company have to do to qualify for the R&D Tax Credits initiative?

Many companies don’t realise how much of what they do within their day-to-day activities actually qualifies as R&D. We help our clients to identify all qualifying activities that can be claimed for. We also help our clients to evolve by developing tailored R&D strategies that fulfil business objectives, ensuring future R&D activities and all associated expenditure is fully optimised.

Our proven track record, methodologies and robust processes have been developed to enable our expert team to work with you every step of the way and to undertake approximately 90% of the work so you can concentrate on developing your business. This includes writing your full comprehensive HMRC compliant technical report.

What is the time limit for R&D tax relief claims?

You have two years from the end of your accounting period to submit a research and development (R&D) tax credit claim for any qualifying activities and associated expenditure during this period. R&D Tax Credits are a corporation tax relief and the deadline for amending your corporation tax return is typically two years after the end of your accounting period.

How much R&D relief can our company get?

SMEs can claim up to 33% of R&D expenditure incurred, and large companies up to 10%. For a rough estimate, you can use our handy calculator [link]

However, it’s very likely that you are potentially undertaking much more in the way of qualifying activities for this purpose than you think; so contact us today to arrange a free and no-obligation consultation.

How do R&D Tax credits work?

If your company has incurred expenditure (including time & salaries) developing new products, processes or services, or if you’ve made enhancements to existing products, processes or services, you will probably be eligible for R&D tax benefit. By using our proven process to achieve a successful outcome, Momentum will prepare your claim ready for submission to HMRC.

What if HMRC query the claim?

In the unlikely event that HMRC raise a question about an R&D Tax Credits claim, Momentum has a fully qualified team, including ex-HMRC personnel, internal compliance officers and professional advisers, to respond to such queries. Our methodologies and reports meet the legislative guidelines, and with a 100% success rate, you can be assured that you’re in safe hands.

Why choose Momentum over other companies?

Unlike many others, Momentum doesn’t view your R&D as a mere tax-mitigation exercise. We know that the R&D Tax Credits initiative offers businesses an opportunity to grow and to realise their potential. And with 1000+ claims with over £130m in claims under our belt, we make a real difference where it’s needed most.

Our long-established business advancement team stands behind every application we prepare, working with our partners and HMRC before, during and after a claim.

Will we get stung with a big bill?

No! Our business model is simple, we only raise an invoice when you receive your benefit. Our professional services fees are a percentage of the overall benefit we secure for you, so you’ll always be better off with no financial risk of upfront fees etc. and ensuring that you will not be left out of pocket!

Speak to us for a free consultation

What can you achieve with R&D Tax Credits? Get in touch today to speak to one of our experts.

Contact us
Call 028 9140 4030