R&D Tax Claims

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R&D Tax Rebates for Small to Medium Enterprises (SME’s)

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Date Published: December 8, 2022
R&D Tax Rebate - Image of a digital mad thinking - Hamilton Wood and Company R&D Tax Specialists

Specialists in the R&D Tax Rebate, Hamilton Wood and Company are UK leaders in this complex innovation incentive offered by the UK Government.

Established all the way back in 2017, we are recognised as delivering sturdy and robust R&D tax relief claims for UK companies.

R&D Tax Credits are a complex area of UK Tax Legislation often falling outside the scope of a traditional accountant’s work, in much the same way Capital Allowances do.

Both of these tax regimens offer a valuable kickback to businesses that have spent money on improving or developing their business.

R&D TAX CREDIT ELIGIBILITY

Too many businesses fail to claim R&D Tax Relief as they are unsure about the constraints of the incentive and how it directly applies to their business and its operations.

Research and Development (R&D) Tax Relief is a preferential business tax scheme for UK businesses that are investing in trying to improve their products and services.

R and D Tax Relief as its sometimes referred to is a worthwhile scheme designed to encourage UK companies to seek innovation in the UK.  It’s just one form of an Innovation Grant but it’s not technically a grant in its’ strictest form; it’s a tax incentive.

R&D Eligibility

  • Are you trying to improve your products and services?
  • Are you doing things in a new way?

While there is more to it than this, as a rule of thumb, if you have answered yes to either of the above questions then your project may warrant a professional review by the experts at Hamilton Wood and Company.

An RD Tax Rebate is arguably one of the most efficient ways for a small business to secure tax allowance benefits from the UK Government.

Research and Development Tax Relief has been steadily growing in popularity since it was first introduced in the year 2000.

Since then, the R&D Tax Rebate has gone on to help innumerable UK businesses strengthen their efforts to identify and pursue opportunities for future innovation and development.

The UK has a long and proud history of leading the world in pushing the very boundaries of what is possible.  We take the playing field and tear it up.  For centuries the UK has been at the forefront o innovation in all its guises.  Now, is no different.

No matter the idea or innovation you have had, rest assured that there are Government agencies that exist to support you and the development of your idea.  From Local Enterprise Partnerships to free advice and training, the UK is fertile ground to help UK businesses succeed.

HOW DO R&D TAX CREDITS WORK

The many rules surrounding the tax relief incentive tend to change over the years; as do the rates and the benefit available to SMEs and larger Companies.

As a rule of thumb, businesses investing in trying to develop new products and services can benefit from a generous rebate of sorts from HMRC (Central Government)

You might query why this is so?  In short, the UK Government are keen to promote the UK as an epicentre of innovation that remains to be at the cutting edge of what is possible in many different industries.

From adapting and merging different technologies and processes, the world and the technologies of time gradually progress.  A vast number of incentives exist to help businesses identify and pursue future innovation.

The UK has always been fertile ground for innovation; and long will it remain to do so.

Until the recent Autumn 2022 budget, R&D Tax relief was valued at 33p in the pound back however this figure has now fallen due to Government changes in legislation.

The rate your company can claim back has changed over time however, the experts at Hamilton Wood and Company are on your side to make sure that as the rules change, at any time, your business is able to recover its full true award under the R&D tax rebate incentive.

R&D TAX SPECIALISTS: HAMILTON WOOD AND COMPANY

Hamilton Wood and Company are now in our 6th year of helping UK businesses safely recover costs expended in their business projects.  We are here to help your business recover all the monies it could receive under the current R&D Tax Relief Government incentives.

We have industry-leading knowledge and expertise to help simplify the claims process so that your business doesn’t lose out on what could be tens of thousands of pounds.

We are a multi-award-winning R&D tax consultants who have helped many UK companies improve their Company’s bottom line, quickly and safely.

We provide a complimentary assessment of your potential Research and Development claim. If you may have the basis for an R and D tax credit claim after an initial assessment, we will then request your authority to look at the potential claim in more detail.

Our R&D tax specialists take the headache out of identifying if you have a claim, distilling all the information together and then preparing a robust R&D report trusted and accepted by HMRC.

For the last 6 years, our team of experts has brought a breath of fresh air to UK businesses when it comes to improving company finances with a view to further enhancing their efforts to seek innovation in their industry.

OUR R&D TAX CLAIMS PROCESS:

Our R&D claims process - Hamilton Wood and Co London Manchester-01

We deliver an award-winning process to simplify your research and development claim.

We have a trusted relationship with HMRC and provide ongoing support to our customers should ever there be a ‘spot check’ by HMRC in your industry.  We clearly evidence the merits of your R&D tax claim with all supporting information contained in the final report.

If you are looking for help with your Research and Development Tax Relief Claim, get in touch with one of our specialist advisors today who will be happy to answer any questions you may have.

R&D Check out our ultimate guide to R&D tax credit claims by clicking this link written in detail by our R&D specialists.


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