Datafox are R&D Tax Credit Specialists
Our Auditing Service is provided by our team of R&D Specialists comprised of Chartered Accountants and Chartered Tax Advisors. We are able to recover 26% – 33.35% of all qualifying R&D expenditure for SME’s and 8.8% for large companies.
What is R&D Tax Credit?
Your Research and Development Tax Credits Claim with Datafox will be fast, efficient and transparent.
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.
Datafox assists organisations from a range of industry sectors in accessing HMRC’s complex R&D Tax Credit scheme. HMRC’s guidance on claiming R&D tax credits is over several hundred pages long. Our specialist team comprises qualified Chartered Accountants and Chartered Tax Advisors.
What’s it worth?
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. For more info see the ‘snapshot’ further down.
99.5% of elegible UK organisations miss the opportunity to reap the potential rewards 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 the best results. Once we determine you meet the basic R&D Tax Credit eligibility, our team will meet with you to identify potentially eligible projects unique to your business. Our hands-on approach as R&D Tax Specialists ensures we obtain the maximum benefit. We offer a thorough approach unlike the majority of accountants or companies offering R&D claims.
SME's - Recover 26% (If In Profit) Or 33.35% (If Loss-Making) 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 8.8% 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.
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.
Stuff you need to know
Find out how Datafox recently helped a haircare brand make a successful R and D Tax Credit claim from the HMRC for their innovative organic haircare products.read more
Learn more about claiming R and D Tax Credits in Architecture from this detailed guide that explains what qualifies as R&D and how to make a successful claim.read more
Find out how Datafox helped an upcoming lighting company, Houseof, gain valuable funding for their innovative range, through HMRC’s R & D tax credit scheme.read more
SKNHEAD Case Study – Impossible Made Possible
Innovation and versatility are not easy to achieve when it comes to cosmetics, but SKNHEAD managed to attain both in their exclusive range of unique male skincare and grooming products. Developed with tireless precision by celebrity hairdresser Adee Phelan, the SKNHEAD range includes a variety of grooming essentials for men such as a shampoo, styling clay, a toner, hair pomade, a hair styling spray, a foaming cream and the most cutting-edge 4-in-1 skin moisturising and hair treatment cream designed to work on tattooed skin, face, beard and hair.