Testimonial: Fashion and Design Sector – Eva MD
When I learnt that I could claim a tax rebate for research and development (R & D) of my business from the government. I was thrilled but didn’t know what to do next. A friend introduced me to the Tax Rebate Solutions company (TRS) and highlighted the process it would involve to claim R&D. I was […]
Case Study: Recycling Sector – A Client
Industry: Recycling Sector (A Client) Size: Small Total R&D costs: £84k Amount successfully claimed: £28k Overview: At Budget 2018, the UK government announced its intention to introduce a new tax on plastic packaging. The tax will apply to businesses that produce or import plastic packaging which uses insufficient recycled content, taking effect from April 2022. […]
Case Study: Printing & Signage – Paul, Director
Industry: Printing & Signage – Paul, Director Size: Small Total R&D costs: £121K Amount successfully claimed: £23K Overview: A leading signage specialist, who had never utilised the R&D incentive, were looking into developing improved signage products. Specifically, they wished to develop an improved quality of sign with a lower ecological impact on the environment. Scientific […]
Case Study: Food Industry – Robbie, Director
Client: Food Industry – Robbie, Director Size: Small Industry: Food Total R&D costs: £48K Amount successfully claimed: £14K Overview: Company always strove to increase the quality of their service. Invested heavily in R&D to improve both process efficiency and the quality of their food. External agency costs made up the bulk of the claim. It […]
Case Study: Engineering, Steel Fabrication – Chris, Owner
Industry: Engineering, Steel Fabrication – Chris, Owner Size: Medium Total R&D costs: £366K Amount successfully claimed: £68K Overview: Although being a leading engineering firm within their region and carrying out qualifying R&D for the past 30 years, they had never utilised HMRC’s tax incentive. Worked closely with the client to help them identify all qualifying […]
R&D Tax Credits – Everything You Need To Know
Click this link to take you to relevant pages on HMRC website. According to HMRC, we cite below their explanation of R&D Tax Relief: Research and Development (R&D) reliefs support companies that work on innovative projects in science and technology. It can be claimed by a range of companies that seek to research or develop […]
Capital Allowances – Everything You Need To Know
Click this link to take you to relevant pages on HMRC website. According to HMRC, we cite below their explanation of Capital Allowances: You can claim capital allowances when you buy assets that you keep to use in your business, for example: equipment machinery business vehicles, for example cars, vans or lorries These are known as plant […]