The UK Government’s R&D tax relief scheme rewards companies that invest in innovation. Broadly speaking, for tax purposes, R&D occurs when work is undertaken in an attempt to advance the overall knowledge or capability in a field of science or technology.
Many businesses struggle to understand which projects qualify for R&D and what the eligible costs are. Navigating the claim process has become more complex and time-consuming over the years. An example of this complexity is the introduction of the Additional Information Form and Claim Notification Form, along with two new R&D schemes. With many years of experience, Folio Partners can help you access this benefit to support your R&D efforts, allowing you to focus on your business.
R&D tax credit claims are made through company corporation tax returns. While businesses can prepare and submit claims on their own, understanding the qualifying expenditures and project requirements can be challenging. This is where we come in.
Our R&D team at Folio Partners has experience claiming for a variety of clients across a wide range of industries throughout the UK. While you push the boundaries of science and technology, we will support you by ensuring that your hard work is rewarded. We will handle all the necessary paperwork and work with you to compile a robust claim. Contact our team today to learn more about how we can assist you in preparing an R&D tax relief claim.
Additionally, if you find yourself on the receiving end of an HMRC enquiry and require support, we can assist with this process as well. Contact our team today to learn more about how we can assist you with any R&D-related matters.