Making your
R&D claim
Simplicity is our underlying ethos.
Simply get in touch and we will assess your eligibility at no cost and no obligation whatsoever.
From start to finish we will shoulder the burden of work to ensure your time is your own.
Our claims process
The process starts with a brief eligibility check. Contact us by phone or email and one of our team will gather the information required to ascertain if your business has areas that would qualify for the incentive.
You will now be allocated your claims consultant who will arrange either a meeting in person or a zoom call. This part of the process is where we ask for your time and input. We recommend between 1-4 hours for a detailed analysis.
This is where our specialised R&D accountants enter the process. They will use their expertise to establish all the qualifying projects within your business based on the information gathered in the previous step, and also from the financials we will now have received from you. They will produce a detailed report having evaluated all aspects of the eligible activity, and will establish the exact costings that are claimable.
We will present you with the finished report for your approval, after which we will submit the claim to HMRC in a format using dedicated software to maximise the ease at which it can be processed.
We will work closely with HMRC to deal any queries until the claim has been fully processed and finalised. At which point any monies due will be paid into your account, or a tax credit awarded. This process normally takes around 28 days.
FAQs
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R&D Tax Scheme ExplainedTo qualify for R&D tax relief, the company must account for Corporation Tax, but the relief is available to both profit and loss-making businesses.
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Does my business qualify?If you can answer ‘Yes’ to most of these questions then, based on our experience across thousands of clients, it looks like you could have a successful claim: Have you developed new tools, products or services using technology? Have you tried to improve your existing products through technical changes? Have you had to resolve technical problems with any of your products? Have you found more efficient ways to produce your products or services? Have you experimented with new equipment or production techniques? At the start of a project, did you ever think ‘I’m not sure of the best way to do this’? Have any of your projects failed for technical reasons?
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What is claimable within my business?Staff costs, materials, utilities, reimbursed travel costs, light & heat, and subcontractor costs are most common & are the main areas in which you can claim from.
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How does the R&D Relief Scheme work?Companies that invest in developing new products, processes, or services, as well as improving existing ones, qualify for R&D tax relief. If you spend money on innovation, you can claim an R&D tax credit to receive a cash payment and/or a Corporation Tax reduction. The potential for identifying R&D is vast and it exists in every industry. In addition, if you are claiming for the first time and have been trading for over two years this will allow you to claim for two previous Tax years.
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What are the benefits?The benefits of the programme include increased cash flow, which is especially important to small, developing companies. It also encourages development of a corporate philosophy that embraces innovation and improvement.
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Any additional cost?We charge no up-front costs, and should we fail to identify a claim then we will not charge you a fee at all. In other words, we operate on a ‘No Win, No Fee’ basis.
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What are R&D Tax Credits?Tax credits for research and development (R&D) are a government tax incentive put in place to reward UK businesses for investing in innovation & research and development. They are a useful source of capital for businesses to invest in advancing R&D, hiring new employees, and subsequently allowing businesses to expand.
Get in touch
Artax Capital Ltd.
Biggles House
41 Cowbridge
Hertford
Hertfordshire
SG14 1PN