As cliche as it may sound, time is money, and we know that for a lot of UK startups and SMEs, you can’t afford to hang around waiting for certain administrative processes to slowly go through the system - you need swift action to be taken.
Too often this is the case when it comes to Research and Development (R&D) Tax Credits, because so few companies realise that they are eligible to claim under this government incentive until it’s almost too late.
As the deadline quickly approaches, there are plenty of benefits to handing over the reins to a professional firm, such as Claim Capital, who offer a fast-track service to submit your claim.
Don’t miss the window of opportunity
Companies from all sectors can qualify to apply for Research and Development tax credits, yet surprisingly only 10% of startups and SMEs actually submit a claim to HMRC.
The R&D Tax Credit Scheme was created to encourage innovation within the UK across all industries, so any business which has developed a new process, service or product will most likely be eligible to claim back up to 33% of their R&D cost.
As generous as the R&D Tax Credit Scheme is, the time frame in which you can receive the tax benefit is limited. Companies have up to two years to put forward your claim, starting from the end of your accounting year.
For example, if your Year End was 30th April 2019, you would have until 30th April 2021 to submit your claim. If you did not submit your claim by the 30th April 2021, you would lose the tax benefit entirely for the 2019 Financial Period.
Looking for a fast turnaround?
Making an R&D tax claim is a complex task and one that could end up distracting you from your own important day-to-day business needs. One of the main advantages of outsourcing the claim to a financial expert is that you are free to concentrate on your job while we focus on ours, helping you claim back as much of your R&D spend as possible.
Claim Capital’s team of specialists are well versed in jumping through all of HMRC’s hoops and offer a priority service that will fast-track your claim.
Whether the deadline is looming or you simply need your tax or cash rebate to finance your next big project, we can help speed things along. We collate all of the financial and technical information HMRC requires and from the time we have all the required information, we can have your claim submitted within three to five business days.
Once engaged, you will be appointed both a dedicated Account Manager and experienced R&D Tax Consultant, who will ensure the whole process is as smooth as possible from start to finish, enabling you to focus on your core business without the added stress.
What are you waiting for?
If you think you might be eligible to claim Research & Development Tax Credits, then now is the time to get the claim work underway.
To get the ball rolling, simply get in touch with the Claim Capital sales team for a free eligibility consultation call and we will take care of your application and ensure you get your claim back within record time.
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