There is great scope for identifying R&D in any sector, from construction to food, to distribution and retail. The HMRC R&D criteria is particularly broad and if your company has attempted to resolve scientific or technological uncertainties, then it may be carrying out qualifying R&D activity regardless of its size and the sector it operates in. This could include:
- Creating new products, processes or services, which does not need to be groundbreaking innovation; and/or
- Changing, modifying and appreciably improve an existing product, process or service.
Statistics show that R&D, patent box and creative industry reliefs are quite often overlooked by companies and their advisers, predominantly due to a lack of awareness of what constitutes qualifying expenditure, resulting in companies missing out on substantial claims.
Our R&D and innovation tax team works closely with you to create a tailored approach to building your R&D and other innovation tax relief claims. Our experts can help assess your company’s activities to maximise tax relief opportunities via the relevant innovation relief claims. We have developed a robust claim methodology and manage the administrative burden of the claim process on your behalf from start to finish, allowing you to focus on managing your business.
At ETC Tax, we strongly believe that you shouldn’t have to pay money for old rope. We operate a fixed fee structure rather than charging you a percentage of tax savings, without signing you up to long-term contracts. We will provide ongoing support and advise you on robust record-keeping with a view to making the claim process as efficient as possible
