R&D Tax Credits UK | Research and Development Tax Credit Services
R&D Tax Credits UK by Hamilton Wood & Company
Our sole purpose is to help businesses succeed through the combination of applied tax relief and Business Finance services.
The United Kingdom has a long, proud history of leading the world when it comes to innovation and progress. To see a list of some of the UK's world-changing inventions, click this link.
Research and Development Tax Services
To incentivise companies who can contribute to changing the world of tomorrow for the better, the Government provides valuable tax relief and it is this specialist area we can help your company with.
Our team of specialists will quickly establish if you have a claim and then hold-your hand throughout the recovery process. We will drastically reduce your time-burden throughout the claim and maximise your full legal entitlement by making sure no stone is left unturned.
How Can Our Services Help Your Business?
A lot of companies who are eligible to claim this valuable form of tax credits haven’t done so.
This form of tax relief are an extremely specialised area of Government legislation and so it takes specialist advisors like ours who can help you identify, and then recover any legal entitlement owed.
We can help you recover an apportionment of the money you have invested in any company projects providing they meet the strict qualifying criteria.
As a general rule of thumb for if your business is trying to innovate and is using any technologies and/or scientific methodologies and processes to achieve an advance, no matter how slight, working on unknown outcomes then this could be a strong indicator your business is owed a substantial figure.
Really, How So?
The Government use tax relief and tax rebates to help businesses thrive; this drives innovation and new and continued employment opportunities afterall.
The Government reason that for every one pound issued to a UK Limited company, that they receive £6 back on a multiplier basis, so it’s win/win for them and the client.
The payment you receive is often spent towards new projects, on paying peoples wages, that are subject to Tax and NI, and then go on to be spent on goods that carry duty i.e. Alcohol, Petrol, Cigarettes, VAT etc.
This really is a case of the Government giving to receive.
When your business receives either a cash rebate or reduction in the amount of tax you have to pay this has the effect of providing a cash boost to your business.
When your business has received a rebate or has more money available then it is more likely to start new projects that could lead to more UK innovation. Any innovations reinforce our countries position as a world leader in science and industry.
The incentive is a continuing cycle that feeds valuable funds back into your business.
If your business is in profit, then there is a good chance that you may have over-paid tax whilst undertaking any research and development activities.
Therefor you can benefit from around £26,000.00 back for every £100,000.00 of qualifying, expenditure identified.
If your business is incurring a loss, then the initiative is even more attractive for you.
For every £100,000.00 worth of qualifying expenditure identified, this will see your business receiving an immediate cash rebate of £33,350.00 in as little as six to eight weeks.
What Industries Can They Help?
- Aerospace Companies
- App Builders/Developers
- Chemical Companies
- Clothing Manufacturers
- Computer Game Developers
- Construction Companies
- Electrical Engineers
- Electronics Manufacturers
- Film Industry
- Finance Companies
- Food/Drink Manufacturers
- GRP Moulders
- Injection Moulders
- IT Software Companies
- Mechanical Engineering
- Motor Industry
- Motor Sport Companies
- Music Industry
- Pharmaceutical Companies
- Printing Companies
- Prototype Developers
- ReCycling Companies
- Research Laboratories
- Renewable Energy Companies
- Sound Engineers
- Waste Processing
- And More!
Our tax specialists have built up tremendous goodwill with the UK central government and are best placed to help optimise your legal R&D entitlement.
For a Free Business Health Check and an Assessment of What You Could Be Owed: