Research & Development (R&D) Tax Credit
Our experience with clients is that many businesses do not realise the full extent and potential of R&D Tax credits available. Any UK company looking to improve their products or processes through the application may be entitled to claim this relief. You may be missing out on significant tax relief available to you.
BDO and R&D Tax Credits
Our services range from R&D tax credit or relief advisory at the inception of projects or support through the Advanced Assurance process, through to the preparation of detailed R&D reports and subsequent negotiations with HMRC.
Since the launch of the R&D Tax credits, we have helped clients by;
- Preparing detailed R&D claims that maximise the benefit and establish a clear methodology for future claims
- concluding ongoing HMRC enquiries in a cost-effective manner
- Applied for advance assurance that a claim will be accepted, which can facilitate successful claims during the first three accounting periods
- Reviewing existing claims to ensure they are maximised and the right format
- Facilitating workshops on the definition of R&D
- Training technical teams to identify relevant projects to the finance teams when preparing claims
- Advising on effective methodologies for preparing claims
- Analysing contractual terms and group structures to ensure claims are made correctly under the SME or large company
- Advising on the accounting implications of a transition to the RDEC scheme
Our R&D Tax credits team has engineering and science experience that allows us to better understanding the R&D being done by our clients and better engage with their technical teams.
We have an excellent working relationship with HMRC. Our specialists have a deep knowledge of the legislation and guidance with practical experience of making claims in a wide range of sectors and negotiating these claims with HMRC. We are also involved in the HMRC R&D Consultative Committee. Our team has a hard earned understanding of what it takes so quickly and effectively submit successful claims with HMRC.