ATTENTION SMEs – Claim Your 33% Tax Relief NOW!

The UK’s research and development (R&D) has rocketed – a 15% increase on R&D spend - in the last 12 months as businesses invest billions into R&D. 

Recent figures, released this month, show that £49bn was  spent on R&D last year, with a whopping £7.4bn paid out to businesses for their investment in R&D by HMRC. 

Both of these points are welcome and positive news to UK business and the economy. 

Yet, many SMEs are not aware of this scheme – are you?

This increase in R&D spend is great news for British business, as companies up and down the country, large and small, are showing their confidence in business growth by investing in innovative research, software, design and development initiatives.  Showing that the pandemic is not going to put them off or stall their progress into developing products for the world we live in and the business this supports.

DID YOU KNOW…?   SME businesses, just like yours, can claim vital monies back on the investment they have made on innovative research, software, design and development initiatives.

By applying for your 33% R&D tax relief, it allows your SME to plough investment back into your business to evolve, expand and maximise growth opportunities through this additional cashflow boost or by debiting it off your corporation tax bill.

FACT: Your R&D tax credit rebate is worth up to 33p for every £1 spent on qualifying research and development.

I believe it’s vital to spread the word about this valuable business tax rebate.  Especially because it is available to ALL types of business that meet the Government application criteria.   

As well as successful, profit making businesses, this R&D tax relief is also beneficial to those newer, start up businesses, or those that are currently loss making.  

So Ask Yourself…

• Does your business invest in new product development, services and processes?
• Are you taking advantage of this significant tax relief scheme?
• If not, why not?
• Your business could be claiming up to 33% tax relief against your VAT!

Your business could be reclaiming a huge 33% VAT refund on  the research and development budget back against your corporation tax bill.  Can you really afford to ignore that? 

Is Your Business Eligible For R&D Tax Relief?

• You are a limited company in the UK that is liable for corporation tax.
• Have carried out eligible research and development.
• Your company has less than 500 employees.
• Your company has an annual turnover of less than €100m or a balance sheet of less than €86m.

With my help I can help you apply for this tax relief on an honest and transparent ‘no success, no fee basis’!   

Your R&D claim will be submitted to HMRC.  It can sometimes be timely to get the monies you are owed refunded.  That’s why, as part of our offering, here at Capital Corporate Finance, the UK’s longest established independent broker for nearly 29 years, we are able to advance you up to 80% of your R&D claim – this means you do not have to wait for your payment from HMRC, instead you can immediately plough the money back into your business!

As well as R&D tax relief assistance, we are able to arrange a myriad of individual SME finance for SME businesses, which we usually arrange faster and at better rates than going direct – this is due to our unique fast track independent broker status we have with all the UK’s business lenders, including:

• Short and long term loans
• Secured and unsecured lending
• Asset finance
• Stock finance
• Same day lending
• Export finance
• Invoice finance

Don’t Let Your R&D Tax Relief Slip Away!

Call me today to claim the R&D tax relief you deserve!  We can meet, we can chat over the phone, we can have a Zoom / Teams meeting. My direct line is 07785 596053 or email me on carole@capitalcorporate.co.uk.