At Cooden Tax Consulting, we understand the complexities of claiming R&D tax relief – this is a highly involved and specialist area, and there remains a significant lack of understanding amongst businesses. Claiming tax relief can be a significant benefit and can help companies fund future product development.
Our director, Simon Bulteel, is an R&D tax-relief expert with years of experience and knowledge. Simon has helped businesses across Kent to investigate the scope of their R&D work, providing advice and information on claiming tax credits for qualifying projects.
We can help you to understand the qualifying conditions, review the technical aspects of qualifying projects, and produce draft justifications for submission to HMRC.
What is R&D Tax Relief?
The government set up the R&D tax relief scheme in 2000. It was designed to reward innovation and help businesses to grow. Your company might be eligible for R&D tax relief if you create or modify products, services or processes in a scientific or technological field.
The tax relief reduces the corporate tax bill of companies in profit, or is given as a cash payment if the business made a tax loss in the financial year.