Are you eligible to claim R&D Tax Credits
R&D Tax Relief is the HMRC scheme which can offer your business either Corporation Tax Relief or a cash-back benefit in as little as 6-8 weeks, for Research and Development that you’ve already undertaken.
While businesses are seeking additional cash-in, R&D Tax can provide that much-needed injection of funds and we want to help identify whether you’re business is eligible to claim.
For every £1 of identified R&D cost you could save 26p in Corporation Tax or receive a cash payment of 33p.
You can claim for your 2 previous financial years, and your current financial year.
No need to worry if you’ve already paid your tax bill – if that’s the case, you’ll receive the benefit as a cash repayment from HMRC.
We’d like to offer you a free consultation to explore the innovation or R&D you’ve undertaken, the possible size of a claim and how you can go about securing this lifeline funding.
Already made a claim? Don’t worry, we can review your previous claims to ensure they’ve been maximised and make an additional claim for anything that may have been missed!
Eligible innovation can be anything from installation of new plant, machinery and computer systems to new product development.
The average UK SME claim is worth £50,000, making the 15 minute call with one of our team, extremely worthwhile!
Over the past weeks we have seen several companies releasing inspiring and heartening announcements that they are making every effort to speed up R&D in order to combat COVID-19.
In support of these companies, as a thank you, TBAT would like to offer to undertake their R&D Tax Credit claims for one year for free.
If this applies directly to you and your company, we’d love to hear from you; please email us on firstname.lastname@example.org