Our methodology maximises the claim amount and is designed to deliver a high success rate. To find out more about the scheme and eligibility, read our guide.
Our standard service includes pre-submission analysis and post-claim follow-up until your cash is paid out.
Pre-Claim Recommendations
We will adapt our methodology to suit your business, but we typically follow the below approach:
- We review historical financial records, seeking out relevant R&D costs and analysing time spent on eligible projects. We will go as far back as the rules allow, applying HMRCs tests and our experience to calculate your claim.
- Our tax experts, with your team’s input, will draft a technical report that details the ways in which you meet the qualifying criteria, in particular we explain how you were seeking to resolve a technological or scientific uncertainty. (HMRC require a basic level of detail, we will almost always aim to exceed this).
- Once you are happy with the report, we will add the claim to a corporation tax return for HRMC and we will submit this on your behalf.
- Should HMRC have any queries, we will act as the first point of enquiry and resolve any outstanding queries.
Post-Claim Follow Up
Following the successful completion of the claim:
- We will issue a detailed explanation of how the tax savings have been calculated and applied.
- If we identify any areas for improvement, we will also make those recommendations e.g. improving time recording or invoice coding procedures to maximise future claims.
- Recommendations of any changes required to your client contracts to enable you to claim R&D
- Consider how best to exploit any Intellectual Property created by the R&D work e.g. taking advantage of the ‘patent box’ regime.
