iTax Advisors LtdR&D Tax specialists – helping you to maximise returns on your innovation.
We help businesses to claim refunds from HMRC, on their Research and Development (R&D) costs through the R&D Tax credits scheme.
To remain competitive most businesses will continuously innovate, through the development of new or improved products/processes/systems. Generous government incentives are available for companies incurring costs on these activities, provided they meet certain criteria.
Small & Medium sized entities (SMEs) can claim a benefit of between a 24.7% to 33.35% of eligible costs. For large companies, the benefit is approximately 10% (net of tax).
We work with businesses to:
- identify these activities and costs,
- prepare claim supporting documentation for submission to HMRC; and,
- obtain HMRC agreement on submitted claims.
With over 15 years experience in this space, we have worked across a wide range of sectors.
What makes us different is that we know what to look for and what questions to ask, in order to navigate your business. We also know what HMRC expect to see in a claim, based on which we prepare strong claim documentation, minimising the risk of HMRC enquiries and facilitating prompt receipt of the benefit.