R&D TAX CREDITS
Are you looking to file R&D Tax Credits?
This is the most useful page you’ll find online to help you learn all you need. This collection of clear, readable blog posts will take you through everything from the basics to the more advanced topics.
OVERVIEW AND QUALIFICATION
Read these brief articles to get a good high-level idea of what
R&D Tax Credits are about, and whether you qualify.
What are R&D Tax Credits?
Read this first if you want a basic introduction.
What kinds of companies can claim Tax Credits?
Learn about the basic qualifiers that determine whether
a company can claim.
Does my project qualify?
Qualifying a project is more an art than a science (ironically?). This article
explains some principles that you can use to decide whether your project
qualifies, and also to argue that your project qualifies.
HOW TO CLAIM
After you read these articles, you should be able to handle
filing tax credits yourself in most cases.
How to file R&D Tax Credits yourself.
A simple guide explaining what you need to put together
a claim yourself.
Should I get my accountant to file R&D Tax Credits?
Getting your accountant to help with seems like a good idea, but there are several things you should know about how accountants perceive (or fail to perceive) Tax Credits.
How do I claim if I’m unprofitable?
Claims by unprofitable businesses, or businesses with small profits, are calculated differently, and typically result in very different amounts, sometimes less, sometimes more.
What are the exact rates to apply?
HMRC keeps changing the rates every year, to keep things interesting. What are the current rates? How do you deal with years that straddle a rate change (as will be the case for almost every year)?
Which types of costs qualify?
The whole picture of what you can claim for. If it’s not on this list, you can’t claim for it.
Can I claim for dividends? Travel expenses?
Still not clear on what you can claim for?
Can I claim every year?
The answer’s obviously yes, but here’s how and why.
SOME OF OUR DELIGHTED CLIENTS
HOW TO WRITE YOUR TECHNICAL NARRATIVE
This is the only place on the web where you’ll find detailed instructions
with examples about how to prepare this tricky part of a claim.
How to nail the technical narrative before you even start writing
Like any such complex activity, there are things you can do before you even get started that will set you on the right course, or not. In this article: getting the right data.
How do I organise the technical narrative?
If you speak to a specialist like us, they’ll often talk about something called a “project”. This is the basic organising unit of a claim, but its definition is quite flexible.
How do I collect the data I need?
The person who did the R&D is often not the right one to write the technical narrative. But you need to get data out of them. This article explains how to get that data and gives a full example of what the raw data might look like.
How do I write the technical narrative?
The final piece of the puzzle! In this article, you will find a clear guide to how to go about writing this document, as well as a full example of what the end product looks like.
If you have anything “special” going on, as most larger businesses will,
I would strongly recommend using a specialist. However, if you still feel like
doing it all yourself, here are some useful bits of advice.
Should I use a specialist for large claims?
Specialists can feel expensive, particularly when dealing with larger claims. Here are some points about why they can still be worthwhile even with a larger price tag.
What are HMRC Audits like?
Hopefully you never need this section, but if you’ve received
an inquiry letter from HMRC, here’s how to parse it.
What does a friendly HMRC enquiry letter look like?
Curious? Nosy? Never seen one before? Hope to never see one, but want to know what it’s like?
Is my company an SME for R&D Tax Credits?
You’d think that the definition of “SME” would be fairly standard. You’d be wrong.
Can we claim even though we’re in a group?
Can you be an SME if you’re part of a group? It depends.
What are the PAYE/NIC caps and when do they apply?
PAYE caps are no longer in force since 2012, but offsets still apply.
These are also specialty topics, but they are more concerned
with accountancy concepts than with tax credits.
How much should my accountant charge me?
Many accountants these days say they “do R&D Tax Credits”.
What does that mean, and how much should they charge?
Can I claim for Capital Expenditure?
This is one of the most commonly encountered
“accounting problems” for tax credit claims.
From the horse’s mouth. If you’re a horse whisperer, this might be useful!…
R&D TAX CREDITSPRICING
Some things are best left to the imagination. Our price list isn’t one of them.
We charge 20%
on most of our R&D filings.
At GrantTree, we were the first government funding
specialists to be totally transparent and we reveal
everything you need to know about our fees up front
with our public pricing, because when it comes to the
topic of coin, we think that to bare all is best.
This can vary slightly depending on your R&D
expenditure. We strive to advance our clients’
R&D Tax Credits on the day of filing, through
our unique Advance Funding product.
OUR REFERRAL PROGRAMMEGET 10% DISCOUNT
We know that time and resources are essential
for any company.
Each company referred to us by you means a 10% reduction from your fee should they decide to sign up with us.
Yes, this also means that if you happen to refer 10 new
clients to us, your success fee will be exactly 0%!
The discount applies if we haven’t talked to the company yet and they have spent more than £80k on R&D, our usual threshold for taking up clients.
ARE YOU ELIGIBLE?
Find out in 4 easy steps
R&D Tax Credits is a great HMRC initiative incentivising UK companies to invest more in the
development of innovative technology products. As a result, companies can get up to 15 – 33%
of their direct product development costs back in the form of tax relief or cash benefit.