Well, if you are, you are certainly in the minority. It has been estimated that, of the 150,000 to 200,000 companies which are eligible for these reliefs, only 20,000 actually do claim. That’s just 10% – 13%!
It is perhaps a common misconception that to be engaged in Research and Development, a company must be running operational laboratories full of people in white coats. This is not the case.
Indeed, HMRC have recently been positively encouraging us to make claims for R&D activities and have introduced a scheme for companies to apply for advanced approval.
This means that, if HMRC agree that you are engaged in R&D activities, it will undertake to pre-approve your current and future claims without challenge for the next three years.
You would be surprised how many companies fulfil these criteria – between 150,000 and 200,000, in fact! If you are one of them, then make sure that you are not missing out on these significant tax benefits.
Unlock your R&D tax credits – call us on 01482 427360, email firstname.lastname@example.org, or you could send us brief details of your enquiry via Live Chat. It could save you £1000’s and we have an impressive success rate in making such claims on behalf of our clients!
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