Fully Managed R&D Tax Credit Claims by R&D Tax Specialists

R&D for tax relief includes projects that seek to achieve an advance in science or technology through systematic research. This may involve creating new processes, products, or enhancing existing ones. Activities that contribute to resolving scientific or technological uncertainties might also qualify. Consult with us to see if your projects fit this criterion.

To claim R&D tax relief, you need to submit a claim as part of your corporation tax return. This includes providing details of your R&D projects and associated costs. We can assist you throughout the process to ensure a smooth and successful claim.

Eligible costs for R&D tax relief include staff wages, materials, and overhead expenses directly related to R&D activities. Other costs may also qualify depending on their direct connection to your projects. It’s essential to assess your finances carefully, and we can guide you through this process.

The R&D tax relief claim process can take several weeks to a few months, depending on the complexity of your case and the responsiveness of HMRC. We aim to streamline this process and keep you informed every step of the way.

If your claim is rejected, you have the option to appeal HMRC’s decision. We can assist you in reviewing the reasons for rejection and help you to build a strong case to resubmit your claim, ensuring your eligibility is fully addressed.

Our specialist team can provide guidance and support throughout your R&D tax relief claim process. With extensive experience and expertise, we ensure that your eligibility is accurately assessed and maximised for your benefit.

We aim to minimise the time required from your team by gathering information efficiently and undertaking the specialist claim work ourselves. We will still need appropriate input from people who understand the projects and the company’s costs, because a robust claim must be based on accurate technical and financial information.

Typically we need information about the projects undertaken, the scientific or technological challenges involved, the people who worked on them, relevant project timelines and the associated expenditure. The precise information required depends on the projects and accounting period.

Some companies must submit an R&D claim notification before making their claim. Whether notification is required depends on the company’s previous claim history and the relevant accounting period. We check the notification requirement as part of the managed claim process

Yes, where appropriate we can review an existing or partially prepared claim, including the technical basis, qualifying expenditure and supporting evidence. The scope of any review will depend on the stage of the claim and the information available.

Yes. Hamilton Wood & Company can provide the specialist R&D claim work while your accountant or finance team retains responsibility for the wider accounting and Corporation Tax relationship. We agree clear information and communication requirements at the outset.