0800 035 2510 info@data-fox.com

Accountants

Partner with Datafox to deliver your clients the expertise in claiming Tax Credits while at the same time earning your accountancy practice a rewarding fee.

Did you know that 95% of UK businesses eligible for tax credits are NOT making a claim?

Could your accountancy practice benefit from thousands of pounds, just for making an introduction?

Don’t think you have a client that would be eligible to claim?

You’ll find what constitutes as research and development surprising!

Perhaps you have a client or clients who have developed new products, services, or processes recently?

Claiming R&D Tax Credits can be a complicated process which is why working in partnership with Datafox allows you to focus on your core business activities in the knowledge that your clients claim is being handled in a fast, efficient and transparent manner. R&D Tax Credits offer the opportunity to add value to your customer as well as your accountancy practice bottom line. It’s an ideal win, win without an increase in costs or management time for your practice.

Simply, you just need to make the introduction, and our experienced team of Research and Development Tax Credits experts with a track record in successfully claiming Tax Relief for businesses across many industries will do the rest. Keeping you informed of the progress every step of the way.

100% Success Rate – NO Win No Fee – Hassle FREE

Over the last few years, we have saved UK companies millions of pounds.

In the previous 12 months alone, the Datafox Research and Development Tax Credit Experts have processed £6 million pounds worth of claims.

Costs you nothing to investigate, not even time!

Take this opportunity to work with Datafox and start adding value to your client relationship as well as the bottom line of your accountancy practice.

Like to discuss a potential claim, or you have someone you would like to refer?

Ready to apply?

If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.

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What costs can you claim on?

To qualify as R&D, any activity must meet the definitions set out by the Department for Business, Innovation and Skills. These guidelines state that the activity must contribute directly to seeking the advance in science or technology or must be a qualifying indirect activity. If your company and the project both meet the necessary conditions, you can claim tax relief on revenue expenditure in the areas outlined. This means the day to day running costs of the business, not capital expenditure on assets. If you’ve spent money on something like, for example, staff costs where the employee was only partly engaged on R&D activities, you can only claim for an appropriateproportion of the cost.

Employee costs

Employee costs that qualify for R&D tax relief are eligible as part of your claim. This relates to employing staff directly who are actively engaged in carrying out R&D itself. The staff must be employed under a contract of employment directly with your company .

They shouldn’t be consultants, agency workers, or staff/directors whose contracts of employment are with other companies. However, these others may qualify under either the rules for staff providers or subcontractors.

Staff providers

Staff provider costs that qualify for R&D tax relief are eligible as part of your claim. This is for companies paying a staff provider for staff provided to the company who are directly and actively engaged in carrying out R&D.

The staff provider needs to contract with the individual whose services they supply – not through another person.

Materials

Materials costs that qualify for R&D tax relief are eligible as part of your claim. This relates to consumable or transformable materials used directly in carrying out R&D. These are actual physical materials that are consumed in the R&D, and not things like telecommunication or data costs.

Payments to clinical trials volunteers

Clinical trial costs that qualify for R&D tax relief are eligible as part of your claim. The cost of relevant payments to subjects of clinical trials may qualify as part of any claim as part of the R&D process.

Utilities

Power, water and fuel costs that qualify for R&D tax relief are eligible as part of your claim. Power, water, fuel used directly in carrying out R&D qualifies, but not things like telecommunication costs and data costs.

Software

Computer software costs that qualify for R&D tax relief are eligible as part of your claim. Computer software that is included in the claim must be used directly in the R&D work.

Most companies will make improvements and tweaks to out-of-the-box software, or build their own from scratch, and this will qualify for R&D tax credits.

Subcontracted R&D expenditure

If your company or organisation is claiming tax relief under the SME Scheme then you may be able to claim back 65% of what you spend on certain R&D activities carried out for you by a subcontractor.

But if the subcontractor is connected to your company, or you have jointly elected for connected parties treatment, special rules apply.

Capital expenditure

Although R&D tax relief is only available for ‘revenue expenditure’ – generally day-to-day running costs, rather than capital expenditure – if you’re involved in R&D and you spend money on capital assets, you may be able to claim R&D capital allowances.

Ready to apply?

If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.

14 + 8 =

Latest News

“Datafox advised us of a potential cash back payment of 33.35% from HMRC on qualifying R&D spend. They handled the claim for us from start to finish ensuring it was submitted correctly, with appropriate narrative and supporting numbers maximising its fullest potential.”

Nik Hrstic COO, Brainwave Drinks