R&D Tax Reliefs Checklist
See if you qualify
Our team has developed a free, interactive checklist to help you determine if your company or project is eligible for R&D Tax Reliefs. Try it today, or contact our team for a direct response to your query
Why it’s so important to check your eligibility
- HMRC have hired 100+ new R&D Inspectors, with even more resources expected in 2023 and beyond.
- Businesses should be prepared for a large increase in the number of enquiries into R&D tax relief claims issued by HMRC.
- If an enquiry into a R&D tax relief claim uncovers errors, penalties could be charged up to 70% of the claim value and more severe or deliberate cases could result in Criminal Investigation and prosecution.
- Unlike accountants, R&D tax relief boutiques have no regulations to abide by. Some boutiques may be submitting claims that are incorrect/over-inflated, putting the claimant companies at risk.
It has never been more important to ensure your R&D Tax Relief claims are done properly, with the help of qualified R&D specialists.
What do our clients say about Radius, a service designed and
delivered by Shorts Chartered Accountants?
delivered by Shorts Chartered Accountants?
Testimonials
Shorts are proactive – coming up with new ideas for helping companies like ours save money; particularly in terms of corporation tax, and allowances that we can and cannot claim. The tax department is fantastic – they’re really reactive to any changes in law and it’s saved the company a lot of money.
Robin Penny - Managing Director
Penny Hydraulics Limited
Probably a third of our business is involved in R&D, so getting our R&D tax credit strategy correct is very important. Shorts prepare the reports and submissions for us, meaning that information is accepted straight away. It takes a certain expertise to manage the process properly and I doubt whether there are many in this area who genuinely do it as well as Shorts.
Stuart Murphy - Managing Director
Rollem Patent Products
They came in, looked at what we were doing and submitted quite a significant claim for the previous three years which offset a lot off our tax bill. They did all the work for us; just asked questions and it went through instantly.
Sue Morton - Director
Abbeydale Brewery Limited