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R&D SUBSIDIES FOR BUSINESS 100% Support for your Research & Development Tax Credit Claim.

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Presentation on theme: "R&D SUBSIDIES FOR BUSINESS 100% Support for your Research & Development Tax Credit Claim."— Presentation transcript:

1 R&D SUBSIDIES FOR BUSINESS 100% Support for your Research & Development Tax Credit Claim

2 HM REVENUE & CUSTOMS WANT YOU! TO CLAIM R&D TAX CREDIT WOULD YOU LIKE TO REDUCE YOUR CORPORATION TAX BILL? WOULD YOU LIKE TO RECEIVE RESEARCH & DEVELOPMENT TAX CREDIT OR TAX RELIEF? IF YOUR ANSWERS ARE ‘YES’ THEN WE CAN DEFINITELY HELP YOU TO RECOVER TAX FROM THE REVENUE!

3 UK R&D Scheme Overview It is one of the largest government funding schemes available for rewarding businesses. Operated by HMRC since 2000. The annual average claim for small businesses (SMEs) is approximately £46,000 or £320,000 for large companies. These are annual amounts: the claim repeats year-on-year. Can also be backdated up to 2 years. Are you loss making? No problem - you can either take a cash credit or offset R&D expenditure against future tax. Do you outsource R&D? No problem - Your qualifying R&D activity can have taken place anywhere in the world

4 SOME MISCONCEPTIONS CLARIFIED You certainly do not need to employ a genius in your organisation to have carried out qualifying R&D activity! What companies may think is just their routine daily business work surprisingly often turns out to be qualifying R&D activity. No lengthy prior applications or exhaustive form filling required. The claim is simply applied to your standard year end tax return. Even FAILED R&D projects can qualify under the scheme!

5 Don’t let this opportunity pass you by… Your company could be losing out on £10,000s or even £100,000s EVERY YEAR! Could you be one of those companies already involved in R&D but simply didn’t realise it? Almost 90% of all eligible companies are either completely unaware of the scheme or if they were, simply did not envisage that they would qualify, so never even considered making a claim! Accountants are NOT scientists! Many may just not appreciate exactly what is required to make a successful R&D claim for their client and simply omit this opportunity from the accounts.

6 But you don’t have to lose out! We ARE the experts! We can prepare a solid and robust claim for submission to HMRC in a procedure that is both QUICK and PAINLESS for you! Allow us to examine carefully your R&D work for qualifying activity. We can explain to you how the scheme operates in the UK.

7 QUALIFICATION Initial (telephone) discussion to help identify Qualifying R&D Activity and financial viability ANALYSIS Potential opportunity identified, followed by detailed R&D Project Review by Professional Scientists REPORT COMPILATION Technical and Financial Assessment REPORT VALIDATION Final Report Sent To your Accountants YOUR ACCOUNTANT Reports and CT600 filed with HMRC What we do for you 42 Days later (maybe less) You receive Tax Credit or Cash refund! 30 Days later fees payment to Amynepharma

8 How much will this cost? Our initial review and qualifying R&D assessment service is provided to our customers completely free of charge. Only once we have clearly identified qualifying R&D activity, will we proceed to enter into an agreement with our client. Our final fees for our service are based on the pre-agreed proportion of the client’s claim value, payable on claim approval. Please note that we do not request our final fee payments in advance. We only invoice after our client receives confirmation from HMRC that their R&D claim has been approved and their financial benefit (R&D Tax Credit/Relief) has been confirmed. That way our clients will not need to acquire any additional funding prior to verification of their tax benefits.

9 Summary Our entire process is very quick and easy for you. We will explain exactly what you need to provide us with. After that we will do all the rest! We will prepare a strong and robust claim on your behalf. Our reports are provided to your accountants for presentation to HMRC in support of your R&D Tax credit claim. [Tax return Form CT600] For a just few hours of your time we can ( on average* ), help you obtain a tax benefit of: ◦£46,000….. ◦For this year…….. ◦For the previous 2 years……. ◦then again and again every year thereafter! * Based on approx. average of all SME claims submitted to HMRC. Actual claim value is highly specific to each company’s Qualifying R&D activity. We ARE the Experts !


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