Only 0.6% of potentially eligible companies are making claims for their Research & Development costs.
MERSEYSIDEDIGITAL is always looking for ways to help people and organisations develop and thrive through innovative support programmes.
Research & Development (R&D) Tax Credits are a Government incentive set up to repay up to 33.3% of R&D costs incurred by innovative companies.
One of our business associates (authorised and regulated by the Financial Conduct Authority) can assist with checking eligibility, preparing a claim and submitting it HRMC. Don’t be put off – eligibility is defined more broadly than you might imagine. And no successful claim, no fee! See how it works here.
If you are interested in finding out more about how your project may be eligible, for more information and to be connected to a business financial advisor, please complete the form below
R&D Tax Credits Enquiry Form
How does it work?
A wide range of R&D
Not all R&D activity will be immediately obvious. In fact some of the most significant claims for clients have come from sectors you wouldn’t have expected, for example, if you’re developing a bespoke system or re-designing a manufacturing process. When eligible, your claim will include a wide range of related costs, including payroll costs of those involved, internal and external to your company. So we recommend discussing your individual business criteria and potential claim. Remember: no successful claim, no fee!
Here are some questions to ask yourself
- Have you developed or improved an existing product or process
- Have you improved an existing manufacturing process
- Have you developed software in house
- Do you employ scientists, engineers, developers or technicians
- Have you subcontracted out any of the above
Eligible expenses include:
- Salaries and operational expenses
- External resource expenses
- Equipment and software licenses
- Subcontractor expenses
- Heat, light and power expenses
Ineligible expenses include:
- Costs of capital assets
- General legal and patent fees
- Rent and rates expenses
- Marketing or advertising expenses
- Consultancy costs.
“In a short space of time, with minimum impact on our day to day duties, we were able to achieve a great outcome for the business. Although we have always invested heavily in our business and our constantly evolving IT based infrastructure, we were never aware that we could reclaim essential costs. We can now look forward, knowing that we will benefit from these tax credits year after year” (J.A., taxi firm)
“I wasn’t fully aware that our company would be entitled to a claim and at first was a little sceptical of the process having been told previously I wouldn’t qualify. I was introduced via a company I know and being no win no fee I thought I had nothing to lose. The initial meeting was 30 minutes and the process thereafter was so simple as only took about an hour of my time. They did everything and 12 weeks later I received a cheque of over £15,000 from HMRC. (J.H., employment support service)”