Chamber R&D - Research and Development (R&D) Tax Reliefs
Do you pay technical specialists to solve technical problems?
If so, Chamber members can benefit from thousands of pounds of Corporation Tax savings for their innovative work through R&D Tax Reliefs.
Around £25,000 of tax savings for every £100,000 spent making appreciable improvements to technology or science.
Does your business:
- Develop new or better products?
- Improve manufacturing processes?
- Create new software solutions?
- Has it spent money on staff, materials and IT to do so?
Making a Claim
Shorts’ Radius team apply a simple three stage approach to prepare a robust claim that maximises the tax relief available:
Step 1 – Initial free discussion
0-60 minutes, either in person or over the phone to explore whether a claim is possible.
Step 2 – Technical Meeting
We work with you to identify qualifying projects and costs to include in the claim.
Step 3 – Produce claim documents
We work with you to maximise the claim within the scope of the legislation. We produce the technical report and a summary of qualifying costs that is required to support a claim. You review it and when you’re happy, we’ll submit the whole claim to HMRC for you. You’ll then receive your tax savings from HMRC – up to a quarter of the amount you’ve actually spent on innovating.
Unlock the Savings
Shorts’ Radius team has helped hundreds of businesses obtain millions of pounds of R&D Tax Credits for their innovative work.
For more information and to request a consultation, please click here.