Leading Specialists Helping Businesses of All Sizes Safely Claim R&D Tax Credits
With a proven track-record of delivering significant sums for our customers, we simplify the process of recovering costs used up in a qualifying project.
The Benefits of Research and Development (R&D) Tax Relief for Your Business Explained
There are still many Companies who feel their routine, day-to-day activities aren't eligible for a claim and are not benefitting from this relief. It's now estimated that round 80% of businesses who could claim, haven't.
We help ambitious UK businesses grow
Hamilton Wood & Company's leading R&D Tax Credit Specialists have helped catapult many UK businesses forward safely, and quickly. We deliver innovative businesses a trinity of strategic services to turbo-charge their growth plans.
The Incentive and its' background
First introduced in the year 2000 by the labour Government, the R&D tax relief scheme was planned to encourage businesses to invest in developing new or improved products and services. Since their inception in 2000, there has been over 250,000 successful claims. A total of over £26.5 billion of R&D tax credit relief has now been claimed.
Many Companies haven't claimed due to a general lack of understanding as to what constitutes R&D. The words 'Research and Development' often make people wrongly assume they need to be a dedicated research laboratory in order to claim. The reality however is that many Companies who could claim haven't. If your business is seeking to do something in a new and improved way, you might qualify.
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What Are You Waiting For?
If you do not claim within a given time, you will lose what could be tens-of-thousands of pounds.
The Benefits for Your Business
The R&D tax credit incentive helps the Government encourage businesses to innovate. When a business develops something new, it has the effect of moving the industry forward. R&D relief make economic sense for the Government. They reason for every £1 they give back to a business, they recover up to £7 back on a multiplier basis. The sums given back to a business are paid as wages subject to tax, and then spent on goods and services that are also taxed. This is a case of the Government giving to receive.
Some of the key benefits are:
Improve cash flow
Receive a substantial payable credit for your Company or reduce your CT liabilities considerably.
Make sure you maximise all monies your Company can recover to strengthen your position.
Reinvest money in your Company and continue to innovate. Claim back money from your activities.
How to Identify an R&D Tax Relief Opportunity
To qualify for a Research and Development Tax Relief Claim a company must be:
Overcoming either technological or scientific uncertainties with a fair degree of uncertainty and where the solution was not immediately apparent. More often than not, if you've had to 'go back to the drawing board' or worked on 'trial and error' then this may signify certain aspects of the project may qualify.
Shown to be making an 'appreciable improvement' to existing science or technology. This does not necessarily have to be 'ground breaking' as a low-tech solution done in a new way may be eligible. If your business has been making things better, more eco-friendly, faster, smaller, more efficient etc. then there may be elements that qualify.
Discover how we make a difference with your company
We help businesses of all sizes claim for Research and Development.
We have won a number of awards for the 'R and D tax solutions' we provide to businesses of all sizes
We simplify complex R & D tax legislation that can deliver huge benefits for your company. Would you like to talk?
Ready to apply or find out more?
Complete the form and one of our friendly team is ready to help you.
Expert Claims Advice & Support
Hamilton Wood & Company are a leading provider of professional R&D claims services for SME’s and larger companies throughout the United Kingdom. Our R&D tax specialists take the pain out of claiming research and development tax relief for UK businesses.
R&D tax credits are a powerful government incentive first introduced in 2000, that is designed to encourage companies to invest in seeking innovation or to improve their products and services.
Successful R&D tax claims can deliver a substantial funds to your business that are often worth tens-of-thousands of pounds back for you.
A quick call with one of our expert R&D consultants will help uncover if there are any eligible projects and costs that can be recovered by your business.
Why choose us?
Award-Winning R&D Tax Credit Claims
"I was initially sceptical that we we're doing any R&D. I had visions of needing to be a large scale pharma company and couldn't see where our work would qualify. Thankfully we were introduced to Chris at Hamilton Wood and after a brief discussion, we were able to pin-point areas that formed the basis of our claim. Thank you!"
Snr. Analyst on HMRC's R&D legislative panel
AT THE CUTTING EDGE OF UK INNOVATION
Director is a fellow of UKRI's Peer Review College
VAST SUMS SAFELY RECOVERED
We have recovered hundreds of thousands for our customers, safely, and quickly.
fully managed, streamlined process
Fully managed, end-to-end process robust R&D claims with full support.
Expertise You'll Love
We appreciate you have a business to run, so we limit your time involved so you can get on with doing what you do best, managing your business. Through an initial 10 min chat we will quickly identify if you have the basis for a claim.
Simple Claims Process
We take the headache and work out of claiming R&D tax credits. Don't be one of the worrying number of businesses who misses out on money they could claim because they lack the expertise to do so quickly and safely.
We provide a fully-indemnified R&D claims process. We manage the claims process throughout and deliver robust R&D tax credit claims for our customers. Should there be an HMRC inquiry, have peace-of-mind in that you are fully supported throughout until the matter is concluded. We have 100% success to date on the claims we have taken on.
our success is yours
What our clients are saying
We found the process fast and we were really impressed with the end results. Will recommend.
We have an established relationship with Hamilton Wood & Co. We don't specialise in R&D so partnering with them made perfect sense for us and our clients.
We work in a fast paced environment where everybody is 'hands on deck.' I was pleased with the support from Chris and the time I saved. I was impressed with sum we secured, thanks!
Recover an average £45-54k
Ongoing support with complex R&D tax claims.
"Our industry had a 'spot check' by HMRC. Naturally, I was very worried. I can't thank the team at Hamilton Wood & Co. enough. They dealt with HMRC directly and I must say I was impressed with the speed and efficiency that the matter was dealt with. Our claim was approved and we were delighted with the support from Chris at Hamilton Wood throughout. I couldn't have done it on my own."
Fast and efficient R&D claims process.
"As a business owner, I very rarely get a spare moment. I was encouraged to talk to Simon at Hamilton Wood and Co. to see if the improvements to our back-office functions and processes might qualify. After a quick conversation by phone I was assured that whilst not all my activities did qualify, that some of them did and we could move forward on them. I was involved for less than 2hrs over a 12 week period and got a pay-out in no time at all."
No. Charities, universities, sole traders nor partnerships are able to claim R&D Tax Credits. The business claiming must be a corporate, liable to UK corporation tax. This can include group structured companies and businesses with operations in other countries.
Potentially, yes. While the overall success of the project is irrelevant in terms of making a claim, what does matter is that the project qualifies for this type of relief. If you are unsure if your project qualifies, call one of our team today and we will be able to help you.
For loss making Companies, the benefit of the scheme is even more generous which can be a big help when trying to grow your business. For loss making companies, any eligible R&D tax sums can be surrendered that will trigger an almost immediate payment for your business.
It is important that each project is professionally assessed on its' own merits to see if there are recoverable expenditures. The project should be developing a new or appreciably improved process, or product, where the way forward wasn't certain.