Research and Development Tax Credits
Research & Development (R&D) tax credits are an extremely valuable yet underused relief. The credits are available to companies who work in scientific or technological sectors creating new or improved products, processes and services.
To qualify companies need to spend at least £10,000 on research and development and have a degree of novelty or innovation in what they are developing.
Rabjohns are now offering an appraisal and R&D claims service on a pure success fee arrangement - if there is no claim, or a claim fails, you pay us nothing.
However, given that Rabjohns has a 100% success rate in claims submitted, we consider the possibility of a claim failing to be remote. We have made many successful claims ranging from £5,000 to £500,000.
For more information contact, James Geary, our R&D tax relief specialist on 01905 732100 or by e-mail at jg@rabjohns.co.uk.
"Shortly after we engaged Rabjohns as our accountants and tax advisers, it was pointed out to us that we could claim significant R&D tax relief on our development of satellite based remote monitoring and control systems undertaken since late 2006. With only 3 weeks before the first year became time barred we were provided with clear guidance on how to set out the descriptions of our innovative work and on which costs to collate. Three months later, claims for three years had been submitted and accepted by the government, saving Corporation Tax in excess of £32,000. Best of all, Rabjohns made the whole process as painless as possible and charged a very reasonable fee."
Simon Tremlett, Financial Director, Wireless Innovation Limited
"Although we use many traditional coach building methods in our car design with ash frames and other traditional features, Morgan has also employed cutting edge technology in terms of lightweight chassis design and body panel forming, as well as innovative propulsion design and many more advanced technologies. Rabjohns helped us to identify the innovative elements of our car design, and their expert guidance has led to successful claims on both our internal and external costs, which have been worth in excess of £400,000 to the company."
Steve Morris, Operations Director, Morgan Motor Company Limited
"Primasil Silicones develops bespoke silicone compounds and products for a large variety of different industries. Rabjohns were able to identify that there was continuous innovation in the development of new compounds with varying properties dependant on the intended use, and during our four year involvement with them, have prepared claims for the last ten years. These claims have been worth over £125,000 to the company to date, which has helped us to continue to invest in further advancing our technologies."
Steve Wheeler, Managing Director, Primasil Silicones Limited
GRC specialise in designing, delivering and managing bespoke communications and information systems. GRC's innovative product range includes leading edge communication and tracking devices often designed to operate within challenging and hostile environments and with very tight space constraints. Rabjohns has assisted GRC in identifying and claiming R&D relief on its costs since April 2007, which to date have been worth over £215,000 in tax savings over the three year period. GRC would thoroughly recommend Rabjohns' services to any company in the technology sector which has not yet benefited from this very valuable relief.
Chris Marshall, CEO, Global Radiodata Communications Limited