R & D Tax Credits

Research & Development Tax Relief

Research and development tax relief is a UK Government initiative to encourage technical advancements in SMEs, in particularly, but not limited to, Science and Technology projects.

If you are involved in an ad hoc and continuing process of process, product or technology improvement or simply seeking to advance in your business area, your project may be eligible for R & D Tax credits. 

If you run an SME with less than 500 staff and a turnover of under 100 million euros or a balance sheet of under 86 million euros, qualifying expenditure on qualifying research and development projects will receive 230% relief. If the company is loss making, you may also be able to claim tax credit of up to 14.5% of the surrenderable loss.

At Greystone, we advise our clients on possible R&D claims and engage our specialist associates to carry out technical assessments and help in making successful claims with HMRC.

KEY POINTS

  • R & D Tax planning
  • Support with financial information 
  • R&D Tax Credits Claim up to 230%
  • CT600 submission for R&D Tax Credits

Other related services

Annual Accounts

Statutory accounts compliance and electronic submissions with Companies House.

Corporation Tax

A complete corporation tax advisory solution covering tax planning and compliance.

VAT Services

VAT Compliance and filing advisory covering all VAT schemes & investigations.

Payroll Services

Fully integrated payroll service, with periodic reports and auto enrolment support.

Bookkeeping

Fully reconciled financial records on a cloud based MTD ready bookkeeping software.

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