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Newtons Chartered Certified Accountants
470 Hucknall Road
Nottingham
NG5 1FX

Email:enquiries@newtax.co.uk
Tel: 0115 960 9955

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R & D TAX RELIEF

 If you’re spending money to improve products and services in a new or appreciably improved way, you might qualify for R & D tax relief. With R & D tax relief allowing SME's to claim 230% (225% before April 2015) tax relief on qualifying expenditure and non-SME's to claim 130%, isn’t it time you called on our specialist service to explore whether you stand to benefit from making a claim?

We’ve had extensive experience over a number of years of obtaining sizeable R & D tax relief repayments for clients. We offer clients expert advice and guidance and will either work directly with them or we can call in other specialist advisers such as specialist consulting engineers in order to provide the best service and best technical input for clients.

In our experience, the tax definition of R & D is misunderstood by many accountants working in both large and small accountancy practices. We believe we are one of only a relatively small number of practices throughout the country which fully comprehends and can advise on this area and, accordingly, obtain the best value for clients.

Key aspects of our R & D tax relief service:

  • Identifying the validity of an R & D tax relief claim.
  • Utilising the services of specialist technical consultants when appropriate.
  • Ensuring that the maximum allowable benefits are claimed.

BENEFITS TO YOU

The tax relief which is available is either given as an additional Corporation Tax deduction or even if no Corporation Tax has been paid, a repayment can be obtained by in effect surrendering the R & D relief back to HMRC in exchange for an immediate payment.

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EXAMPLES OF R & D TAX RELIEF

Year to 31st March 2015 - A claim for up to two past years’ tax rebate can be made.

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THE DEFINITION OF R & D

R & D for tax purposes takes place when a project seeks to achieve an advance in science or technology. The activities that directly contribute to achieving this advance in science or technology through the resolution of scientific or technological uncertainty are R & D.

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