Our Award-Winning Team of Experts Safely Maximise Your R&D Tax Credit Claim in Plymouth
We have a proven track-record of delivering robust R&D claims. We're trusted by HMRC and some of the leading Accountants in the United Kingdom for the specialist expertise we deliver.
R&D Tax Credits Plymouth: What Is Research and Development Tax Credit Relief and How Can the Incentive Help Your Company?
The R&D tax relief incentive for businesses was first introduced in the year 2000.
They are part of a rewarding scheme ran by HMRC to incentivise and encourage businesses in every sector to invest in building new or improved products and services
Businesses that have spent company money making appreciable improvements to products and services over the last two open tax periods can recover as much as 33% of their qualifying expenditure back.
Large sums of peoples wages, utility bills, NI contributions, subcontractor costs, software costs and more can all be recovered and so you can see the figures quickly add up in your company's favour.
Some businesses whose day-to-day operations may signify a claim sadly aren't claiming due to a lack of understanding surrounding the incentive. This is down to a general misunderstanding of what qualifies as R&D.
All UK limited companies may be able to claim regardless of industry.
R&D Tax Credits 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.
The Incentive and it's 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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research and development
Years of experience
Claimed in the UK (2017/18)
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 playout in no time at all."
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.
Expert R & D Tax Credit 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.
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.
Recover an average £45-54k
Ready to apply or find out more?
Complete the form and one of our friendly team is ready to help you.
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.
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!
Our Research and Development (R&D) Tax Credit Advisory Services
Our Managing Director is honoured and privileged to be a fellow of UKRI's Peer Review College. UKRI run a number of Government competitions to award Grant Funding to some of the most ambitious companies. Our team is at the forefront of UK innovation and are committed to helping ambitious businesses thrive and prosper.
Our Senior Technical Analyst resides on HMRC's consultation committee for Research & Development. He discusses the proposed impact of any changes in the scope of legislation and how they may affect companies.
Our technical expertise is amongst the best available so you can be confident you're in safe hands with us. Our service is indemnified too; this provides an extra level of protection and added peace-of-mind for you that you and your business will be expertly looked after. We take the time to thoroughly understand your business so that we have a solid basis for a potential claim.
Why Hamilton Wood and Company?
FREE R&D Health Check
Complimentary initial R&D health checks (by phone) to illustrate if a claim may be possible
Robust research and development tax claims
We produce robust R&D claims with a 100% success rate to date with HMRC
We save you a lot of time & worry
We minimize your involvement to just a couple of hours over the phone. This means you're free to get on doing what you do best, running your Company.
Leading technical expertise
We are at the forefront of UK innovation. Our MD is a fellow of UK Research and Innovations (UKRI) Peer review college. Our senior R&D tax specialist liaises with HMRC's consultation committee regarding the scheme.
We're a leading national provider of R&D tax services throughout the UK.
Low fees | Success only model
We believe in helping your business succeed. We provide a success only model with our low fee only due when we get your business a successful outcome and a claim is finalized.
Indemnified process | You're fully protected
Although its never been needed, we're indemnified up to £1 million per claim. We also provide ongoing support and liaise with HMRC in relation to any aspect of your claim on your behalf should it be required.