R&D Tax Credits Sheffield: We Help Companies in Sheffield Effortlessly Claim on Even the Most Complex of Projects.

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.