Partner with Datafox to deliver your clients the expertise in claiming Research and Development Tax Credits while at the same time earning your Intellectual Property Legal Practice a rewarding fee.
Intellectual property is a valuable financial asset and as such, qualifies the business for UK tax relief schemes like that of R&D Tax Credits.
Datafox partners with Intellectual Property Legal Specialists, providing a tax service for innovative UK businesses. We would like the opportunity to work with you and spread the word into your businesses network.
The Government Research and Development tax credit scheme is the single largest support for UK business, designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying R&D development. The main criteria are determining whether an innovative company is seeking an advance in knowledge or improving a product or service, and resolving uncertainties in the process.
Our Introducers Agreement ensures our partners receive possibly the largest reward for referring R&D claims in the marketplace. The R&D tax credit can equate to up to 33p for every £1 spent on qualifying costs. This means If a UK Ltd company spends £150,000 on qualifying R&D, they could receive up to £50,000 as cash back. As an Introducer, you would be paid a percentage of the amount recovered, for simply introducing contacts of people you know in to us.
Patents are essential assets for many businesses.
Not only has your client worked very hard to develop their product or service but they have also jumped through many hoops to gain the Patent status. Thus, getting some payback for this massive effort is very rewarding. The Datafox team of research and development tax relief specialists proceed to identify all eligible costs relating to the development of your client’s item of Patent. Putting together a cast-iron case to present to HMRC.
Trademarks are a valuable asset for a company’s brand value.
Our current Intellectual Property Legal Specialists partners find by introducing the R&D Tax Credits scheme rewards at an early stage of a Trademark process makes the client more relaxed about the cost of the activity. Our team of Research and Development Tax Credits experts are experienced in successfully claiming Tax Relief for businesses across many industries.
Within the creative industries, a primary IP asset is a copyright of original work.
Costs relating to the development of your client’s item of Copyright that qualifies for R&D tax relief will be identified by our team of research and development tax relief specialists. Leaving you and your team to focus on your business and supporting your clients. In the last 12 months, the Datafox Research and Development Tax Credit Experts have processed £6 million pounds worth of claims.
“Following consultation, provisions are to be made in the Patent Box regime to allow for cases where research and development (R&D) is undertaken collaboratively between two or more companies in a cost sharing arrangement.”
The Patent Box ensures businesses are ‘neither penalised nor able to gain an advantage’ by organising their R&D operations in this manner.
The legislation is being revised to provide a more defined understanding of what constitutes a cost-sharing arrangement.
The Patent Box allows companies to apply a lower rate of corporation tax to profits earned after 1 April 2013 from patented inventions.
The great news is that claiming this Tax Relief can be done in conjunction with R&D Tax Credits!
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.
By completing the above contact form you consent that Datafox can contact you with regard to an R&D Tax Credits claim and use your details during any future claims.
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Mini Case Study:
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.