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Accountants

Partner with Datafox to deliver your clients the expertise in claiming Tax Credits.

“We recommend Datafox to our clients for R&D Tax Credits claims because of their long successful track record and customer-centric approach. Our priority was to ensure that they would receive the best service and not lose out financially. It’s assuring to know our clients are in safe hands with an organisation dedicated only to R&D Tax Credits.”

– Stephen, Accountant

Revision of Ethical Standards & Changes in Audit Rules

The Financial Reporting Council (FRC) UK recently decided to issue Revised Ethical Standards that will come into effect from 15th March 2021. These revisions mean businesses will need to separate their non-audit and audit services and accountancy firms will no longer be able to provide audit services to them. This will also apply to R&D Tax credit assessments which will need to be undertaken by dedicated R&D Tax specialists like Datafox. You can learn more about our R&D Tax credit claims assessment process here.

Why Choose Datafox As The Recommended Partner?

Datafox is a leading R&D Tax credits specialist that has helped businesses within all industries, make successful R&D Tax credit claims. Our team of experts can also provide a diligent assessment of an existing R&D tax claim, analyse it to identify any missed opportunities or eligible areas and make a claim for additional cashback. Accountancy firms can partner with us for any client R&D Tax credit audits and continue to provide other tax accounting and non-audit services to them. We are a dedicated research and development tax credit firm that provides the best guidance in R&D Tax credit claims.

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.

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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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.

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.

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.

8 + 15 =

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.

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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