R&D tax credits

Our Team

Led by Iain Butler, our R&D Tax Credits team have a combined 30 years’ experience working to support clients with their claims. They also possess strong technical expertise, having spent 25 years in the field themselves as engineers, software developers, and industrial scientists. A key aspect of preparing any R&D claim is working with those responsible for the eligible projects, as well as the finance function. Our team’s technical background allows them to bridge the gap between your R&D functions and your finance function. Taking the time to truly understand your organisation’s goals, they’ll translate this into what reliefs are available, and help you prepare the claim.

The R&D tax credits scheme might be a standalone incentive, but a robust claim is dependent on understanding accounting, VAT, and corporate tax issues and mistakes can creep in. As part of the wider Buzzacott Corporate teams, we’re able to pull on the expertise of the whole firm when needed. And if you have wider corporate tax questions, financing and investment decisions to make, or you need outsourced business services – we can pull together a solution that suits your business. 

Our Approach

Our approach, unlike many others in the industry, is human-led, and tech-enabled. While technological advancements can support the claims process, it is crucial that we get to know your team and your business on a human level – supporting you to build a robust claim and providing you with the peace of mind that your claim will be defendable if HMRC make any enquiries into it. 

Our methodology for preparing claims has transparency and accuracy at its core. We’ll have open and honest conversations with you to understand the work you’ve been undertaking, and to understand what will – and won’t – qualify. We tailor our approach to our clients, providing you with a bespoke solution fitted to your organisation’s needs to ensure you get the best possible outcome for your innovation. 

Our Services

Alongside our core R&D tax credit offering, we are also able to offer support on the following innovation incentives:

• Research and Development Capital Allowances: RDAs provide businesses with 100% tax deductions for capital expenditure incurred on development, equipment or facilities used in carrying out research and development activities. But when combined with your R&D tax credit claim, they can provide considerable benefits.
• Patent box scheme: Designed to reward innovative UK companies for retaining IP in the UK, the scheme applies a reduced corporation tax rate to profits derived from the licensing of patents and the sale of products incorporating patented technology. 
• Innovation grants: A highly competitive process, innovation grant funding has the potential to raise non-dilutive finance for business growth through innovation. 
• Land Remediation Relief (LRR): A relief on corporation tax through the capital expenditure incurred for cleaning up contaminated or derelict land. 

Get in touch

If you would like to speak to one of our R&D experts to find out more about how we can help, please get in touch via the form below or call +44 (0)20 7710 3330.