R&D Claims – Just another WordPress site

"Having our R&D tax incentives looked at by Axios had a transformative impact on our business"

Nigel Chandler - CEO

Axios are one of the country’s leading tax incentive and innovation advisors

Our team of industry experts, specialist accountants and lawyers provide unparalleled breadth of experience across a wide range of sectors enabling us properly to understand the particular needs of your business. Our forensic approach ensures we identify all of the qualifying aspect of your business to maximize the potential areas of tax relief and ensure the best outcome for your business.

R&D Tax Credits are a tax incentive from the UK Government designed to encourage and reward innovation. Only Limited Companies qualify and the scheme is not available to sole traders or partnerships. R&D tax relief can be used to reduce your tax bill or paid in the form of cash credits for loss-making companies.

The R&D tax credits available to small and medium enterprises (SMEs) have been substantially increased over recent years. The super-deduction available has increased to 230% from 1 April 2015 with the cash back available to loss making SMEs now 33.35% of the qualifying expenditure.

The rise in the rate of relief for SMEs means that the cash value of claims for tax paying companies is £26 for every £100 of R&D spend from April 2015 (based on a 20% tax rate) and £33.35 for companies with losses.

Government figures suggest that up to 90% of eligible companies are not claiming R&D tax relief.

SME Scheme

A large deduction may be available for SMEs to mitigate their tax liabilities or, if loss-making, a cash credit may be available. Under this scheme, the claim must be placed within 2 years from the end of the accounting period to which it relates.

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RDEC Scheme

The Research and Development Expenditure Credit (RDEC) scheme came into play in the Finance Act 2013. The scheme provides a tax credit which can be used to reduce corporation tax payable. If a company has no corporation tax liability a cash credit can be claimed. Under this scheme, a claim must be made within 2 years from the end of the accounting period to which it relates.

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RDA Scheme

The RDA scheme can provide a 100% deduction for any capital expenditure in the year the costs were incurred. Cash flow can improve significantly compared with other capital allowances, which give relief over much longer periods (or applying the appropriate depreciation policies).

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How does Tax relief work? The 5 stages of any claim

Stage One

Sign-up for our service

Stage Two

Financial Risk Analysis

Stage Three

Technical Project Analysis

Stage Four

Report Build & Compliance Review

Stage Five

Submit to HMRC for Acceptance

Ready to mitigate your tax liability?

Most companies can secure a significant cash benefit from their innovation & growth activities through the R&D tax relief scheme. Making the claim is just a compliance matter. Our thorough understanding of the industry challenges and the underlying technology, as well as our experience in preparing a claim correctly, will ensure that your innovation gets the reward it deserves.

Get in touch now!

Rewarded

For Innovation

Did you know that the UK Government is committed to making the UK a competitive place to innovate and grow?

R&D schemes are designed to allow businesses that carry out qualifying R&D to mitigate their tax liability where the business is liable for corporation tax (CT). In some circumstances, businesses may even receive a payable tax credit. The value of these incentives and mechanisms can vary depending on the size of the business.

Let us do the research

How Axios can help companies achieve the R&D Tax Incentive

Our team of experts include specialist accountants, R&D consultants and analysts will help guide you through the process, assisting and advising at every step.

The Process

We perform a comprehensive fact finding process in order property to understand your business. We then prepare all the relevant documentation in support of your application before submitting the application and liaising with HMRC on your behalf. This allows you to focus on your continued innovation and the the day to day running of the business.

How we differ

We are a boutique firm that prides itself on client care
Utilising specialist accountants to advise & draft reports
Aquitas Law* can provide access to specialist barristers who can provide additional advice when required

*All legal advice and services are provided through Aquitas Law

Don't just take our word for it

Listen to our customers!

Wow, what can I say about the this service? Not only do I love the people and their ridiculous handsome faces, but when you need an ego boost beyond the available options, just get on face chat directly and they'll complement your R&D efforts!

Jason Measures-Beard Innovation

I am very happy I used their service. There are so many aspects I can claim from, and I could easily incorporate most functions of my business into the claim. Shelly was also super helpful. I had several technical queries, and his response was quick, thorough, and on-point! I couldn't ask for anymore.

Charlie Botang-Clean Secrets Ltd

Their service is really awesome, the reward is excellent, the features incredible & easy to claim for. I can only recommend this company. Whatever you need this company does it all and if you need something special, Willy is always there and helps you.

Klaus Tischmarke-Finwah Tech

Even if you have no experience with R&D claims , you can move on so quickly to to get rewarded for your investment. Last but not least; support, Had to drop a few mails about some questions. Responses were always prompt and helpful.

Anthony Hopstar-BanjoBanko Ltd

Willy & Shelly gave me what I needed and the results were mind-blowing. I am extremely happy and satisfied with how they serviced me, and I still can't wipe the smile from my face!

Maria Jacobson-Sales Director @ Net Fuse