Eligibility
Your Claim Criteria
What are R&D tax credits?
Research and Development tax credits generate cash resources for companies via the corporation tax system. Additional cash funds are made available through corporation tax savings, receiving cash payments from HMRC or a combination of both.
Why do R&D tax credits exist?
R&D tax credits are a form of tax relief, the purpose of which is to cultivate scientific and technological brilliance, boosting the UK's competitive advantage and ultimately fueling economic growth.
How to know if your company is eligible for R&D tax credits
Company
Your work will be undertaken within a UK trading company within the scope of UK corporation tax self assessment.
Purpose
Your company is creating or making changes to products, materials, devices, processes or services.
Focus
You will be founding something that doesn't exist, improving what does exist or duplicating something in a different way.
Problem solving
Your company is looking to find solutions to challenges that have not yet been solved by your industry.
Basis
Your project explores the application of scientific or technological principles relevant to your industry.
Financial outlay
Your company must have incurred costs to fund the activities assisting with problem solving.
Which R&D tax credit scheme applies?
Figuring out your tax credit scheme depends on lots of different factors.
The size of your organisation (headcount, turnover and gross assets based tests)
The influence of other organisations
The company's accounting period
How your R&D project came about
Financial contributions or payments that might cover your qualifying R&D expenditure
Achieving a robust R&D tax credit claim!
Learn how to put together an R&D tax credit claim that stands up to HMRC scrutiny.
Building positive relationships
Speed, deliverables, expertise and great with clients - that's why I like to work with you on this sort of stuff!
I've worked with Claire for several years now and hope to continue to work with Claire going forwards - I would fully recommend her services without hesitation.
Claire was a pleasure to deal with and was adept at being able to understand and interpret the R&D work carried out by our business and then break it down into terminology and explanations that would be compatible with HMRC’s requirements.”
From the very beginning of our collaboration on Cinesite's R&D Tax Credits, working with the Fortus team has been an absolute pleasure and we have been impressed by their competence, attention to detail and professionalism.
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