ReClaim Research & Development
ReClaim is the specialist Research & Development (R&D) service from Abbey Tax. For many years there has been the misconception that R&D Claims can only be made for cutting edge and brand new products. This has led to thousands of potential claim opportunities being missed.
Furthermore, R&D claims are not limited to those businesses that work in the pharmaceutical industries, in fact, many manufacturing companies have the potential to make significant claims. One of the main criteria for a successful R&D tax credit claim looks at whether something has been significantly improved. This can be as simple as making something lighter or faster. As a result, a wide range of industries can claim R&D credits, we have seen successful claims for companies as diverse as Food & Drink producers to bra manufacturers!
Our R&D Consultants have extensive experience of both the R&D industry and the HMRC claim process and will be able to advise you and your clients about the potential for R&D claims.
Potential Businesses
The legislation enables companies to be able to make R&D claims and a wide range of types of industries may be able to benefit:
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- Electronics & Electricals
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R&D Claims
The R&D process is extremely complex and the claim looks at a variety of areas where costs are incurred. These include:
- Staff costs for those involved with the R&D project
- Consumables (items used in the R&D process)
- Software costs
- Light, heat and power costs (a proportion of these can be claimed)
- Subcontractor costs (a proportion of the costs could qualify)
Our ReClaim consultants have been analysing and submitting R&D claims for a number of years and have developed an excellent relationship with HMRC's R&D offices. Furthermore, ReClaim works on a contingent basis, therefore there is no financial risk to you or your client.
Contact Us
To discuss how you can benefit, please call 0845 543 0552 or email reclaim@abbeytax.co.uk to speak to a Consultant today. Alternatively, if you have a client who you think could benefit from ReClaim, please complete the simple Enquiry Form here and forward to us for review.