Accountants are facing greater R&D Tax challenges
With increasing levels of scrutiny and more compliance checks being exhibited by HMRC into R&D Tax Relief claims, Radius has also seen an increase in requests for consultancy work to provide advice and guidance to accountancy firms who have completed claims for their clients or provided advice.
These requests are mostly derived from the following areas:
- Their client has been subject to an HMRC enquiry.
- They would like to review and validate existing claims.
- They wish to up-skill their existing teams in R&D tax legislation.
The requests we receive share a common goal: de-risking R&D Tax Relief claims against the business, at a time when risk is growing.
Why is R&D Tax Relief support for accountants important?
R&D Tax Reliefs are a specialisation within business tax legislation. It is a highly technical field, requiring an understanding of the R&D BEIS Guidelines and an appropriate level of technical knowledge to help provide insight into the claim.
This includes the ability to explain why there is technical uncertainty and an appreciable advance in capability or knowledge within the project.
Accountancy firms may not have the technical, engineering or research experience required to provide an appropriate level of advice; they may also be unable to foresee all requirements under the most recent legislative rules. Our support allows these accountants to better qualify and validate their clients’ projects from a technical perspective.
How the Radius team can help you
Our team is made up on highly qualified and experienced professionals who specialise in R&D and Patent Box Tax Relief claims. We have detailed quality assurance processes to help you ensure claims are fully optimised and compliant.
Risk Profiling
If your accountancy firm manages R&D claims for multiple clients, our specialist R&D technical compliance team will review these, providing detailed risk analyses to help you better understand which of your current clients may be at risk of an HMRC enquiry, and where improvements could be made in the reporting process
Learn more
HMRC Enquiry Support
Suppose your client is subject to an HMRC enquiry into their R&D tax relief claim. In that case, we can provide specialist advice on formulating the appropriate responses and resolving any issues.
Our team includes an experienced former HMRC R&D Tax Inspector who fully understands the processes and requirements of such an enquiry.
Training & Upskilling
If you have an R&D team in-house or plan to grow and develop one in future, the Radius team offer bespoke advice, guidance, and training to help you build a team that does R&D tax reliefs properly.
Learn moreAccountancy Partnerships
Our team of dedicated R&D specialists works closely with accountants nationwide, helping them complete their clients’ claims, reducing risk and maximising their value within the legislative parameters.
Consultancy
Our compliance team can review ongoing R&D Tax claims being conducted by your firm’s in-house R&D team; this includes:
- Early investigations into the eligibility of a claim
- Ongoing advice and support throughout a claim process
- Review of complete claim documentation in line with financial and technical compliance
