The R&D tax relief scheme has been funding research and development projects across the UK for years, and every year numerous companies claim relief for their qualifying R&D projects. R&D tax credits provide a financial boost to innovative companies to stabilise their cashflows. The number of claims has significantly increased in previous years.
Still, according to our experience, the majority of those who claim are not fully aware of the full potential of their R&D claims. That’s because R&D tax relief is a very remunerative scheme but is also a little complex to understand fully.provides detailed guidelines covering various technicalities of the claim, which requires experience in the field to understand each part of it. Such technical areas include qualifying conditions, eligible R&D expenditures, the effect of grants and subsidies on your R&D claim, and conditions that restrict the access of schemes.
- Claim prepared with the assistance of R&D tax consultants mitigates the risk of errors hence, reduce the chances of HMRC scrutinising your claim.How to find the best R&D tax consultant for your R&D tax relief? Numerous companies offer R&D tax relief claim services in the UK, which makes it hard to find reliable and competent R&D tax consultants.First, you need to decide what kind of R&D tax consultant you need for your claim. This means you need to have clear expectations from the consultant, whether you want your consultant to claim on your behalf or you just need assistance in making an R&D claim.
squarefinanceuk Or AzetsUK based in Leeds and York.