R&DTR provides tax relief of up to 26% of the eligible expenditure for tax paying SMEs and a cash payment of up to 33.3% of the eligible expenditure identified and approved for loss making SMEs
The Patent Box allows companies to apply a 10 percent rate of corporation tax to profits attributable to qualifying patents
Video Games Tax Relief currently may provide a net benefit of 16% for tax payers or a payable tax credit with a net benefit of 20% for loss making games
RDEC is a payable 11% credit of eligible R&D expenditure incurred, providing an after tax benefit of 8.8% at the main rate of corporation tax (20% to 01 April 2017)
RDAs are the capital expenditure equivalent of the Research and Development Tax Relief scheme and provides a 100% first year allowance for qualifying R&D capital expenditure
Animation Tax Relief currently may provide a net benefit of 16% for tax payers or a payable tax credit with a net benefit of 20% for loss making Animations
We focus on the technology first, and the tax second. This helps us work more closely with you, talking your language, rather than a typically stifled traditional tax and accountancy-led approach.
It’s our job to optimise your technology tax relief by working with you to identify and quantify the eligible activities, and then articulating that information into a valid tax claim that we manage from submission through to approval by HMRC.
HMRC have specialist tax inspectors and units that deal directly with claims covering areas such as R&D, patents, and video games tax relief. These specialist units also support HMRC Inspectors and Customer Relationship Managers who manage Large Business tax computations.
Our approach has three principles: