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 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

Autofina Ltd

” We are principally focused on the design of our path-breaking robots. Watermill Accounting, being our accountants identified our R&D activities and collated our R&D information, which then resulted in the successful refund claim. It helped our cash flow tremendously as we were still at the pre-revenue stage. We wouldn’t have got the cashback if Watermill had not taken the initiative.”

DZP Technology Ltd

” We were very pleased to receive a tax refund from HMRC. We used the money to purchase measurement equipment, which allows us to attract new customers and undertake some ground-breaking research. The Watermill Accounting team provided a valuable contribution in obtaining R&D tax credit and dealing with HMRC.”

Goshawk Communications Ltd

“Watermill Accounting initiated the idea for us to recover R&D tax credit, which our previous accountants had failed to make us aware of. To date we have recovered nearly £50,000, which has been absolutely invaluable in terms of cash flow, continuing to develop our R&D, employ additional consultants and strengthen our core business. We have found Watermill to be courteous, very professional and timely in the provision of advice, submitting and winning refunds on our behalf”.
Come and talk to us: you should be able to claim R&D tax relief. As we work on no win, no fee basis, you have nothing to lose.
Accountant in Cambridge

Let’s Talk

Watermill Accounting Limited,

Future Business Centre, Kings Hedges Road,

Cambridge, CB4 2HY

01223 781290