December Year-End? Unlock Your R&D Tax Credit in Just Two Weeks

December Year End
Pocket

Working towards your December year-end? You don’t have to wait months for your R&D Tax Relief. Claim with GrantTree and we could deliver your money as early as January. 

The Christmas season is finally here. A time to celebrate, soak up some festive joy, and put our feet up after a truly extraordinary year. 

But not everyone can slip into the Christmas spirit just yet. At businesses up and down the country, finance teams are still working hard to finalise their December year ends, and close the books on a challenging 2020. 

December year-ends have their perks. But their Grinch-like timing can also cause problems, particularly for companies planning to file for R&D Tax Credits. 

The long and winding wait

If your company’s financial year ends in December, you could be waiting until as late as July to receive your R&D Tax Credit, depending on how long your accountant takes to file.   

Post-December is HMRC’s busiest period. Tax inspectors reach capacity, backlogs form and processing times for corporate filings increase.

Processing times stretch so far during this ‘Spring slog’ that it has historically taken up to three months for HMRC to pay out an R&D Tax Credit claim. 

This is a pretty grim state of affairs. But here’s some good news. 

There is a way to avoid the long wait for HMRC altogether. And even access your R&D Tax Credit as early as next month! 

Speed up with a specialist 

Through our unique Advance Funding service, GrantTree and our funding partners could advance you up to 80% of your payable tax credit as early as January. 

The process is quick and simple: Our tax and technical experts will look at your financials and development work, calculate your possible claim, and work out exactly how much our funding partner can advance you. 

And we can start the second you bring us on board. 

An advanced tax credit will do much more than help you skip the queues at HMRC. It will also bring forward a major injection of capital, enabling you to accelerate important investments. 

Investing sooner means gaining a long headstart on the competition, and positioning your company to make the most of next year’s economic recovery. 

Increase your claim size

But GrantTree won’t just give you early access to your R&D Tax Credits.

Our team of tax and technical experts is perfectly equipped to assemble a maximised, secure tax credit claim for your company. 

Accountants often miss important eligible pieces of R&D expenditure, but GrantTree will identify every penny of that is permissible under the scheme. 

They will also back up your claim with an airtight technical narrative which details your development work in a language HMRC inspectors understand. 

Work with GrantTree, and you could receive an advance in January, maximise your claim size, and reduce your chances of an enquiry that could tie up your finance and technical people for months on end. 

Cure your New Year’s headache 

Using an R&D Tax Credit specialist could help your company start 2021 off with a bang. And cure your New Year’s headache of waiting months for your R&D Tax Relief. 

If you want to upgrade to a specialist, or just chat about our service, then please get in touch!

If you are curious about R&D Tax Credits, Innovation Grants and Open Culture

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William Fraser
ABOUT THIS AUTHOR
William Fraser

Will Fraser is GrantTree's client services director. He oversees our range of tax relief offerings, advising the UK’s most innovative businesses on how to maximise their public funding potential. Outside the office, Will is a keen investor and an avid sportsman.







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