R&D Tax Credits
A successful R&D claim could generate a significant financial benefit
Getting R&D tax relief right
Research & Development (R&D) tax credits are a UK government initiative to reward business innovation and promote growth through generous tax incentives. A successful R&D claim could generate a significant financial benefit, leaving you with more to invest in taking your business to the next level.
However, many businesses like yours miss out because they simply don’t realise their activities qualify as Research and Development. Alternatively, if you are already making R&D claims, unless you have fully grasped the nuances of R&D tax legislation, you may be missing out on your full entitlement.
Am I eligible to make a claim for R&D tax relief?
Your business could qualify for R&D Tax Credits, and receive between 25-33% of its key expenditure back if:
- Your business is a limited company and subject to either UK or ROI corporation tax
- You have been actively working to overcome a difficult problem or challenge
- The approach to solving this problem was uncertain to a competent individual in the field
- The outcome of your work may lead to an advancement in knowledge or understanding
In short, if you have been attempting to make an appreciable improvement to a product, process or service, get in touch and let’s see if we can get you some benefit for your innovation.
What costs can I claim for?
Costs incurred on any qualifying Research & Development activities could qualify for a claim in the relevant tax year. You may claim for expenditure such as:
- Employees' time
- Sub-contractors
- Materials and consumables
- Travel expenses
- Utility cost
How we can help you...
At Momentum, we know the R&D claims process inside out. We’re the trusted experts in identifying which of your projects and associated expenditure qualify for Research and Development tax relief.
We will manage the highly technical claims process, from discovery conversations, through to writing the report, and analysing your costs, thus taking away the pain and risk of using non-experts in this field. We get boots on the ground - visiting your business, getting to know you and offering you one-to-one guidance throughout your R&D claim journey.
Our process
Identify • Analyse • Optimise
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IDENTIFYWith experienced Tax Credit Consultants from a broad spectrum of industry sectors, we know what qualifies for R&D tax relief - and what doesn’t. That means you can be certain that you’re claiming for everything you’re entitled to, and you’re not making an incorrect claim to HMRC.
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ANALYSEWe collaborate closely with you to conduct a thorough analysis of your qualifying activities and project costs to ensure we capture every single piece of information HMRC will need to process your R&D tax claim.
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OPTIMISEOur professionals know exactly what it takes to produce a comprehensive technical R&D report to the exacting standards expected by HMRC. Our team go the extra mile to secure you the financial benefit you are legitimately entitled to.
We’re not just here for quick wins. We will work closely with you and become your trusted R&D advisor, so you never have to worry about making mistakes or missing out on your full tax credit entitlement.
Whether you’re new to R&D tax credits or already making claims, our highly experienced Tax Consultants are here to help and advise you. We often give second opinions on already filed R&D claims so don't be afraid to reach out and talk to us.
