FAQ’S
If we haven’t answered your question or you wish you talk to one of our consultants, please get in touch and we will do our best to help with your query.
Is my business eligible for R&D Tax Credits?
To benefit from the scheme you must:
- Be a limited company in the UK
- Have carried out qualifying R&D Activities
- Have spent money on these projects
How long does the Research and Development claims process take?
From the moment we have our first conversation with you until the claim is successfully completed, takes on average 6 – 8 weeks.
What are R&D Tax Credits?
To put it simply, R&D Tax Credits were set up by the Government 20+ years ago as an incentive designed to reward businesses for investing in Research and Development.
How far can we claim back?
You are entitled to claim back two retrospective financial years.
What costs qualify for R&D Tax Credits?
Costs which qualify for R&D Tax Credits are:
- Staff salaries, reimbursed expenses, pension contributions and employers NIC
- Subcontractors
- Software
- Consumables
How much will we receive?
This depends on how much of your business activity qualifies for research and development tax relief. We can discuss projects, including or excluding depending on whether they meet the criteria or not. Only then, will we be able to provide an accurate calculation of what you could expect in the form of R&D Tax Relief.
Harmoney Consulting Group, a company incorporated under the laws of Scotland, and having its registered office at: 272 Bath Street, Glasgow, G24JR.
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Registered number: SC661102
