R&D Tax Credits
A successful R&D claim could generate a significant financial benefit
Getting R&D tax relief right... Every time
Research & Development (R&D) tax credits are a UK government initiative to reward business innovation and promote growth through generous tax incentives. A successful R&D claim could generate a significant financial benefit, leaving you with more to invest in taking your business to the next level.
However, many businesses like yours miss out because they simply don’t realise their activities qualify as Research and Development. Alternatively, if you are already making R&D claims, unless you have fully grasped the nuances of R&D tax legislation, you may be missing out on your full entitlement.
Am I eligible to make a claim for R&D tax relief?
Your business could qualify for R&D Tax Credits, and receive between up to 33% of its key expenditure back if:
- Your business is a limited company and subject to either UK or ROI corporation tax
- You are attempting to overcome a difficult technological or scientific challenge
- The approach to try and solve this problem was uncertain to a competent individual in the field and is not in the public domain
- The outcome of your work, whether successful or not, may lead to an overall advance in knowledge or capability
In short, if you have been attempting to make an appreciable improvement to a product, process or service, get in touch to find out how we might help you.
What costs can I claim for?
Costs incurred on any qualifying Research & Development activities could qualify for a claim in the relevant tax year. You may claim for expenditure such as:
- Staff costs including pensions
- Materials consumed
- Sub-contractors
- Travel expenses
- Utility costs
- Software, data & cloud costs
How we can help you...
At Momentum, we know the R&D tax credit claims process inside out. We’re the trusted consultants in identifying which of your projects and associated expenditure qualify for Research and Development tax relief.
We will manage the highly technical claims process, from discovery conversations, through to writing the report, and analysing your costs, thus taking away the pain and risk of using non-experts in this field. We get boots on the ground - visiting your business, getting to know you and offering you one-to-one guidance throughout your R&D claim journey.
Our process
Identify • Analyse • Optimise
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IDENTIFYWith unrivalled experience, our Tax Credit Consultants from a broad spectrum of financial and industry sectors, so we're expertly positioned to uncover activity that is eligible.
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ANALYSEWe collaborate closely with you and your team to conduct a thorough analysis of your potential projects and associated costs to ensure you capture the necessary expenditure that HMRC will need to process your R&D tax credit claim.
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OPTIMISEOur professional tax incentive team know exactly what it takes to produce a comprehensive technical R&D report to the exact standards expected by HMRC. Our team go the extra mile to secure you the financial benefit you are legitimately entitled to.
At Momentum, our ethos is built on relationships. We’re not just here for quick wins, we're interested in long term strategic partnerships that deliver real tangible value to your business.
We work closely with you and your accountants to become your trusted R&D tax credit advisor, ensuring that you are compliant and yet leave no stone unturned, making sure you claim what you're entitled to.
Whether you’re new to R&D tax credits or already making claims, our highly experienced Tax Consultants are here to help and advise you from start to finish. If you are making a claim, why not avail of a second opinion for peace of mind. Reach out to us for a confidential conversation.
