R&D Tax Credits
R&D tax credits is a complex area of tax. Our role at LimestoneGrey is to break down the jargon and explain R&D tax credits in a simple and concise way, giving you the tools that you need to fully understand the claim process.
What are R&D Tax Credits?
R&D Tax Credits Explained
What are R&D tax credits? Who is eligible for R&D tax credits? How do you claim R&D tax credits? It is easy to get lost in the legislation.
Simply put, R&D tax credits are a Government tax incentive created to reward past research and development efforts. If eligible, a company can reduce their tax bill or, if loss-making, claim a payable credit.
Make a Claim
Whether you are new to R&D tax credits, already claiming or would like to make a referral, we are here to help. We aim to make the process as streamlined, simple and stress-free as possible by working with you or your client every step of the way.
We appreciate that every company is different, that’s why we tailor our service to meet your specific needs, helping you access your R&D tax credit benefit.
Working with LimestoneGrey
Reward Your Innovation
Knowing where to start with your R&D tax credit claim can be daunting, to say the least. That’s why we work closely with you to uncover all of your qualifying research and development activities and costs.
Our experience and knowledge enable us to prepare a robust R&D tax credit submission that will withstand scrutiny from HMRC.
Average Claim Values
Claim up to 33p in R&D Tax Credits for every £1 spent
There’s qualifying research and development happening in many businesses, but some don’t realise it. We could help you claim up to 33% of the money you’ve spent in developing or improving your products, processes or services.
So why don’t all qualifying companies claim? Some don’t realise that what they do could qualify for tax relief and some simply feel they do not have the time. With the average SME claim value worth circa £60,000, the benefit could be a boost to your business.
Our Latest Blogs
From industry-specific tax relief content, to R&D tax credit legislation updates and expert comment from our experienced advisors, visit our blog page for the latest R&D tax credit information. Visit our Blogs Page.
Autumn Budget 2023: Understanding the Unified R&D Tax Credit Scheme
LimestoneGrey delves into the R&D tax credit changes announced at the 2023 Autumn Budget and explains what is means for your business