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How Do I Claim Tax Relief For R&D?

The process of making a claim for UK R&D tax relief does not have to be onerous. There are a relatively small number of steps required, and as long as the right people, and right information, are available then the process itself can be undertaken in a matter of weeks in all but the most complex organisations. There are four main phases of work: 

INITIAL

TRIAGE

 

 

 

 

Initial assessment of which projects and activities may be eligible for relief, undertaken with the technical experts within your business

TECHNICAL ASSESSMENT

 

 

 

 

A set of technical discussions, undertaking analysis and narrating activities to show how they satisfy the BIS criteria for eligibility

COSTING

CALCULATIONS

 

 

 

 

Gathering of cost data, working out the most appropriate methodology for the claim and undertaking the calculations

REPORT

WRITING

 

 

 

 

Compilation of the formal R&D report, bringing together technical narratives and cost data to support the claim

Securing relief can be complex; navigating the intricacies of the regimes is difficult especially for first time claimants, and we often find that even well-established UK R&D tax claims are understated simply because the eligible work is too narrowly defined. The key to a successful claim is combining accountancy, technology and scientific acumen so that the claim is carefully constructed, accurately calculated and documented in a satisfactory manner.