R&D tax credit service in the UK
R&D tax credit is a valuable incentive offered by the UK government to encourage innovation and technological advancement in businesses. This scheme allows companies to claim back a portion of their research and development expenses, either as a reduction in corporation tax or as a cash payment. R&D tax credit services help businesses identify eligible projects, calculate qualifying expenditures and prepare comprehensive claims to maximise their benefits.
dns tax specialises in R&D tax credit services, guiding companies through the complex process of identifying qualifying activities and preparing robust claims. Our expertise ensures that businesses across various sectors can take full advantage of this opportunity to reinvest in innovation and growth. Contact us today for a free consultation and find out how our R&D tax credit services can benefit your business.
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How dns tax help you?
We are experts in R&D tax credit services, helping UK companies maximise their tax savings through innovative projects. Our team at dns tax identifies eligible activities, calculates qualifying expenditures and prepares comprehensive claims to ensure you receive the full benefits of R&D tax relief. We guide you through the entire process, from initial assessment to claim submission, handling all your company's tax requirements alongside the R&D claim. Let us help you unlock the potential tax savings you've been overlooking.
How to claim your R&D Tax relief
01
Get in touch
Finding out a little bit about your company will help us determine how we can best assist you. We will notify you if we believe we are unable to assist in any way.
we work together
We outline the services we can provide, when they will be provided, and the associated costs. Everything is open and clear. We hope the amount you can successfully claim will be the only surprise.
03
Know your business
We arrange initial meetings to introduce you to your technical team. They will work with you for a while to identify the locations we know where to look where a claim may be made.
04
Put best claim together
Using the information we have about you, our tax specialists and we will put everything together. We are aware of the requirements set by HMRC and what makes a valid claim.
04
Your report
To support the claim, additional information could be required. You will receive the report for approval, which will reveal the scope of the claim. We have permission to claim on your behalf to HMRC.
04
Dealing with HMRC
Naturally, we will take care of any additional inquiries HMRC may have for you. After you file a claim, you will often receive your reward as a cheque or a tax allowance within a month.
Benefits of working with us
R&D tax reliefs for all industries!
Wide range of expenses
No minimum required
Claiming losses
Find a tax advisor near you
Are you trying to find trustworthy tax advisors in the UK to manage your taxes? Our team of experts is available for help. Get in touch with us to simplify your company's tax planning. Contact us right now for customised solutions that meet the needs of your business!
Get in touch
At dnstax, we take pleasure in offering customised, focused-on-outcomes R&D Tax Relief Service that enable companies to succeed in the current competitive market. Get in touch with us right now to find out how our group can help your business grow and prosper.
Book a consultation
Schedule a free consultation with one of our helpful tax specialists, and together we will decide what services you need and how we can assist you.
Call and email
Schedule an appointment for a consultation or speak with our R&D Tax relief professionals immediately at 0333 2422 572 or by email at dnstax@dnsaccountants.co.uk.
Visit our office
Please make an appointment to visit our pleasant office if you prefer to meet in person. During your visit, our crew guarantees a cordial greeting and individualised care.
Frequently asked questions
For taxation purposes, a business is considered to be engaged in research and development (R&D) when it launches a project aimed at achieving an advance in general knowledge or competence in a scientific or technological sector. Through the R&D system, the company can lower its corporate tax liability, gain a tax return on taxes previously paid, or, if it is losing money, qualify for tax relief by showing that it has spent money on qualifying R&D.
No, the business can be losing money. Following utilisation (i.e., not carried over for future tax reduction), the company is refunded funds for research and development (R&D) and does not have to pay corporation tax.
When a project aims to increase overall knowledge or capability in a scientific or technological subject, it is considered research and development (R&D) for tax purposes. You may deduct specific project expenses from your permitted expenses for tax purposes, such as
Employment expenses for the business including pay, bonuses, some reimbursed expenses, and employers Employers' contributions to pension funds and Class 1 National Insurance Subcontractor expenses (if you are filing a claim through the RDEC program, specific limitations apply)
Workers Provided Externally (EPWs)
Software (costs of revenue)
consumables, such as supplies and utilities like heat and light
clinical examinations volunteers in the pharmaceutical sector