R&D Tax Credits

At InnoClaim, we specialise in R&D tax credits, helping innovative businesses unlock valuable funding to support their growth and development. Our service is designed to make the process easier to navigate, giving you clarity and confidence at every stage.

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R&D TAX CREDITS

Understanding
R&D Tax Credits

R&D tax credits are a valuable government-backed incentive designed to help businesses recover costs spent on eligible research and development activities. The scheme aims to encourage innovation by providing financial relief, supporting businesses in driving technological and scientific advancements that benefit both industry and the UK economy.

If your company dedicates time, money and resources to developing or improving products, technical processes or services, you may be eligible for R&D tax credits. This benefit can be received as either a cash payment or a reduction in your corporation tax bill, helping to recover a portion of your investment.

To qualify, your development project must involve scientific or technological uncertainties that cannot be routinely solved by a competent professional in your field. Legislation can be complex, reach out to our team for expert guidance, or visit our Frequently Asked Questions page for more information.

Under the Enhanced R&D Intensive Support (ERIS) and the New Merged Research & Development Expenditure Credit Scheme (Merged), companies can claim up to 27% of qualifying expenditure. Eligible costs include staff wages, subcontractor fees, agency workers, materials, clinical trial volunteers and software, including cloud computing services.

SEAMLESS R&D TAX CREDIT PROCESS

Streamlined R&D Tax Credit Process: From Start to Submission

We take the complexity out of R&D tax credit claims. Our process ensures precise documentation, compliance with HMRC guidelines and expert review; delivering a seamless experience from start to finish.

STEP 1

Initial Consultation to Evaluate Your Eligibility

We will undertake an initial consultation to evaluate your eligibility for R&D tax credits, gaining a clear understanding of your projects and activities.

STEP 2

Preparation of Comprehensive Documentation for Claim Submission

We prepare all the necessary documentation for your R&D tax credit claim, including detailed technical narratives. By utilising the benefits of advanced AI technology, we make the process faster and more accurate, aligning your submission with HMRC guidelines to create a robust and compliant claim.

STEP 3

Compilation of Supporting Financial Information

We gather and organise all necessary financial information, providing clear documentation of your R&D expenditure to support your claim. Using the correct treatments, we calculate the size of your claim.

STEP 4

Review and sign off of all documentation prepared

We provide you with a complete draft of your R&D tax credit claim for review. This step ensures you have the opportunity to verify all details and provide feedback.

STEP 5

Claim Submission to HMRC

We handle the final submission of your R&D tax credit claim to HMRC on your behalf, ensuring all documentation is complete and accurately presented for a seamless process.

AI technology can produce errors or omissions. It is your responsibility to thoroughly review all information to ensure a true and fair reflection of your projects before submission.
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Transparent Pricing

Our £3,000* + VAT fixed fee structure offers transparency, affordability and exceptional value for businesses looking to claim R&D tax credits. With no hidden costs or surprise charges, you can budget with confidence, knowing exactly what you’ll pay upfront.

This competitive fee ensures access to expert advice and cutting-edge technology to maximise your claim without the burden of excessive costs. It’s a cost-effective solution that delivers a high-quality service while allowing you to retain a larger proportion, making it ideal for businesses of all sizes.

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SEAMLESS R&D TAX CREDIT PROCESS

Professional Insights on R&D Tax Credit Legislative Updates

The R&D tax credit landscape has experienced significant changes, making it more important than ever to stay fully informed about the latest legislative updates and requirements. Our team is here to help you navigate these changes with confidence, ensuring your claims remain accurate and compliant. We can help with:

Ensuring Your Business Claims the Correct R&D Tax Relief

Claiming the right R&D tax relief is essential to avoid inaccuracies that could either inflate your claim, or undervalue it, leaving potential benefits unclaimed.

Staying Ahead of Legislative Changes in R&D Tax Credits

The R&D tax credit landscape is constantly evolving, with legislative updates that can significantly impact your claims. Staying informed is essential.

Unlock Your R&D
Tax Benefits

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