Most Companies Do Not Know That They Could Claim Tax Relief Of Up To a Third Of Their R&D Spend
Less than 2% of eligible companies claim R&D tax reliefs. This is unfortunate as they could be getting a cash injection amounting to thousands of pounds. See our Frequently Asked Questions below:
How Does It Work?
Any profit-making company could reduce its tax liability by claiming R&D tax relief as detailed on the .gov.uk website.
What If The Company Has Made a Loss?
Even a loss-making company could claim R&D tax credit as cash back.
We are a Startup and Haven’t Started Selling Yet. Could We Still Claim R&D Tax Relief On Our R&D Expenses?
Yes, if your company is a limited company.
Our Research Wasn’t Successful Could We Still Claim R&D?
How Much Could Be Claimed?
Up to a third of your R&D spend.
Who Could Claim It?
Any company that is conducting R&D activities.
What are R&D Activities?
Researching or developing a new product or improving the functionality of an existing product or service. For more details contact us.
Watermill Accounting is a leading Cambridge-based accountancy firm that has helped companies claim thousands of pounds of R&D tax relief in cash for its clients.
Client case studies
Watermill Accounting Limited,
Future Business Centre, Kings Hedges Road,
Cambridge, CB4 2HY