R&D Tax Credit – reclaim up to 33% of what you’ve spent on R&D.
An HMRC UK tax incentive, designed to promote and reward companies that invest in improvements to their business, can allow you to claim back the VAT on the research and development that you’ve carried out.
As a result, this can significantly reduce your corporation tax bill or can simply inject cash back into your business.
In 2020, The Conservative Government are set to increase the ability of many companies to access the scheme, with businesses such as cloud computing, engineering and scientific research expected to find it particularly worthwhile. The scheme is open to all businesses, but as a rule of thumb, if you’re involved in the innovation of new or existing products or services you may be eligible to make a claim.
What’s more, here at Capital Corporate Finance we are able to fund your claim. Once you’ve submitted the claim to HMRC we can fund it at up to 80% of it’s value, meaning you don’t have to wait to access the cash.
Here at CCF, as with all of our funding options, we operate on a ‘No Success, No Fee ‘ basis.
Many SMEs are unfamiliar with R&D tax credits, resulting in many businesses missing out on the worthy benefits.
Are you eligible?
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.
33% Tax Credit Back
A whopping 33% back to reinvest in growth, staffing, further R&D or towards your tax bill – either way, it gives you back a huge sum of money to give you financial stability for the forthcoming year.
Call me today, direct, on 07785 596053 and we’ll get the R&D Tax Credit ball rolling!