Datafox are R&D Tax Credit Specialists
Our service is provided by a team of R&D Specialists, Chartered Accountants and Chartered Tax Advisors. We are able to help SMEs recover up to 18% of all qualifying R&D expenditure and up to 20% for large companies.
What is R&D Tax Credit?
Introduced by the UK Government in 2000, the R&D tax relief scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development. SMEs can recover up to 18% of all eligible R&D expenditure. Under the RDEC scheme, Large companies/ organisations can benefit from a before-tax benefit of up to 20% of the qualifying R&D expenditure. Many UK organisations miss the opportunity to reap the potential rewards offered by HMRC’s R&D Tax Credit scheme.
The HMRC R&D Tax Credits guidance notes are set out in HMRC’s Corporate Intangibles Research and Development Manual which is constantly being updated. It is important to ensure that all conditions of the relevant relief are satisfied before submitting a claim. Our team of experienced R&D specialists are able to provide additional guidance on your claim.
What’s it worth?
SMEs can recover up to 18% of all eligible R&D expenditure. Large companies/ organisations can benefit from a pre-tax benefit of up to 20% of the qualifying R&D expenditure. For more info see the ‘snapshot’ further down.
Many eligible UK organisations miss the incentives offered by HMRC’s R&D Tax Credit scheme. Datafox has an experienced team with industry specialists that have a deep knowledge of the R&D landscape and our unique approach helps us deliver successful results. Once we determine you meet the basic R&D Tax Credit eligibility, our team will work with you to identify potentially eligible projects. Our hands-on approach as R&D Tax Specialists ensures we submit an accurate claim.
No-Win, No-Fee
SME's - Recover up to 18% with R&D Tax Credits
A small or medium sized enterprise (SME) is a company with less than 500 employees with either:
- an annual turnover under €100 million
- a balance sheet under €86 million
- Your company isn’t an SME if it’s part of a larger enterprise that, when taken as a whole, would fail these tests.
When considering these limits, you should also include any linked, partnership or shareholding companies that have at least a 25% share in your company and/or any company that your company holds a 25% share in.
Large Organisations - Recover up to 20% with Research And Development Expenditure Credit (RDEC)
A large enterprise is a company with more than 500 employees with either:
- an annual turnover in excess of €100 million
- a balance sheet over €86 million
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.
Your details will not be used for any other purpose and you can request us to stop contacting you by using one of the methods listed in the privacy policy.
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A brewing company that brews beer & operates some pubs on the south coast of England. The claim processed by the expert Datafox team relates to challenges to meet two independent issues regarding regulatory compliance: in the first instance, the brewer was required to invent a custom solution to the discharge of effluent into the sewer system after an issue was raised by the local water company. In the second instance, the brewer was required to design & install a bespoke extraction & air filtration system into the kitchens of one of their pubs. To meet the former requirement, a number of off-the-shelf solutions were tried but found to be wanting. In the end, the brewer had to make modifications to an Oil Tank system to allow capacity for effluent to be held during periods of excessive flow so that filtration systems could cope. To meet the air filtration requirement, the brewer had to work closely with subcontractors to design a system that would fit into an old building, and that would satisfy local authority & DEFRA regulations.
A successful claim was made with the brewer receiving a substantial cash back payment from HMRC with eight weeks.