R&D TAX CREDIT ADVISORY

R&D TAX CREDIT ADVISORY
FOR OUR UK CUSTOMERS

Research and Development Tax Relief was introduced for qualifying expenditures incurred on relevant R&D work from 1 April 2000. Between April 2000 and April 2006 around 22,000 claims for R&D tax credit relief were made in the UK with almost £1.8 billion of
support claimed, of which 19,000 claims were made by SME’s.

Despite this it is estimated that £800 million has not been claimed by UK SME’s because they are unfamiliar with the scheme or incorrectly believe that the work they are undertaking does not qualify as “R&D”. Much of this unclaimed credit is in the field of computer software where often companies believe their projects are routine development work rather than qualifying for R&D. With an in-house PhD in Computer Science we are well positioned to evaluate R&D issues relating to software project developments.

Staff at Implantaire Technologies have considerable experience in this field and can identify and prepare our technical documentation in such as way as to maximise the amount and value of your R&D tax credit claim. We have a close working relationship with the UK’s leading provider of R&D Tax Credit Advisory services should you need access to specialist accounting and taxation advice especially for larger projects.