UK limited companies can submit a claim for R&D Tax Relief on qualifying innovation expenditure for the two previous tax years prior to the culmination of the current tax year. This means that after the 2017/18 year-end passes, a company can no longer claim back for any expenditure for the tax year 2015/16.
Mike Price, Director at R&D tax relief specialists The MPA Group, comments:
“The end of the accounting year can be an extremely busy period, but in the run up to the date, if the business thinks it undertook any kind of research and development activity in the financial year, they should get in touch with MPA.
“We are able to expertly understand and translate your business activities into HMRC’s language, reducing the likelihood that your claim will be challenged. Also, our technical analysts are industry sector experts and can speedily identify what should be included in a claim to get the full entitlement. We work to minimise the time and effort companies need to spend on claims, while maximising claim accuracy and value.”
Why not try our R&D claim value estimator tool to see how much your company could be entitled to?
10 years’ experience has helped optimise our unique and highly successful process. From new start-ups to organisations with turnovers in excess of £100m, we’ve helped companies across all sectors claim more than £122 million of tax credits.
To find out more about how MPA can help your R&D Tax Relief claim speak to an advisor on 0808 208 5221 or get in touch .