Printing & Packaging
Datafox specialise in claiming Research and Development Tax Credits for all businesses involved within the printing and packaging.
Printing & Packaging
- Maintaining or enhancing print quality with new waterless or printing plate technologies together with new generation digital presses
- Developing processes using new inks based on renewable materials to reduce employee’s exposure to volatile organic compounds
- Improving print quality
- The development and enhancement of core technologies e.g. inkjet, offset, dry offset, rotogravure, flexographic or packaging technologies
- Developing technological solutions e.g. to reduce hazardous substances, paper wastage etc.
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 26% (if in profit) and 33.35% (if loss-making) of all eligible R&D expenditure. Large companies/ organisations can benefit from an after-tax benefit of 8.8% of the qualifying R&D expenditure. 99.5% of eligible 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 a document hundreds of pages thick and updated after almost every budget. Even if you manage to weigh through this yourself, chances are you’ll miss out on maximising your claim or worse, over-claim which could result in an HMRC investigation. Why the process is best served best by experts, who submit such claims on a daily basis.
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.
“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
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