Research & Development Tax Relief

Tax specialists in Sheffield, Doncaster and Northampton

R&D

R&D tax relief specialists

Research & Development (R&D) tax reliefs are HMRC incentives created to encourage innovation and technological advances in the UK. R&D tax relief is a widely available, but often overlooked tax relief.

An important point to remember is that to claim this relief, you don’t have to work in a lab or wear a white coat. We have submitted successful claims for IT & Software businesses, Food & Beverage businesses, as well as the more obvious Healthcare & Medical, Manufacturing and Engineering businesses.

Broadly speaking, the relief applies to companies undertaking projects which aim to seek an advance in science or technology. Guidelines set out by HMRC state that qualifying projects must constitute an advance in the overall knowledge or capability in a field of science or technology, not a company’s own state of knowledge or capability alone.

R&D relief may allow companies to reduce their corporation tax bills. For SMEs, you may be able to choose to receive a tax credit instead, by way of a cash sum paid by HMRC.

Since the introduction of R&D tax relief the rates of relief have increased significantly and the qualifying conditions relaxed. Subsequently, more companies than ever are claiming R&D tax relief on projects. However, it is still believed that many companies who have qualifying projects are not claiming.

 

Contact us for a free initial meeting

To find out more about how one of the leading firms of accountants in Sheffield, Doncaster and Northampton can help you, please contact one of our specialists. We believe in long-term client relationships and understand the importance of meeting to establish that you like us and we like you. This is why we offer all new clients a free initial meeting which will enable you to have a discussion about you and your business issues.

To book your free initial meeting, please click here.

We look forward to hearing from you!

Free initial meeting

SAC

Stephen Charles

Tax Partner, Sheffield

0114 266 7141

[email protected]

Martin Wilmott

Partner, Doncaster

01302 367 262

[email protected]

David Cairns

David Cairns

Tax Partner, Northampton

01604 645 600

[email protected]

Craig Walker Senior Tax Manager at Hawsons

Craig Walker

Senior Tax Manager, Sheffield

0114 266 7141

[email protected]

Aaron Hemmington is a tax manager at Hawsons

Aaron Hemmington

Tax Director, Northampton

01604 645 600

[email protected]

Our offices

Pegasus House, 463a Glossop Road, Sheffield, S10 2QD

5 Sidings Court, White Rose Way, Doncaster, DN4 5NU

Jubilee House, 32 Duncan Close, Moulton Park, Northampton, NN3 6WL

Northampton

01604 645 600

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