Research and development tax claims are designed to encourage greater R&D spending and investment in innovation. They work by either reducing your company’s liability to corporation tax or giving you a cash payment.

Our proven 5 Easy Steps tax claim process includes meeting an Easy R&D Consultant and submitting information online. We will guide you through the information needed for your R&D tax relief claim in the Easy R&D online portal. You can provide this online in your own time and at your own pace.

If you are an accountant then consider becoming an Easy R&D partner. Easy R&D are a member of HM Revenue & Customs’ (HMRC) R&D Consultative Committee – we bridge the expertise gap between the average accountant and a national practice. Our R&D Consultant will always be on hand to collaborate on the claim with you in the Easy R&D Claim Portal.

Easy R&D’s average R&D tax claim is around £50,000. Over 1,000 have been submitted by our in-house team of chartered tax accountants and professional technical report writers.

Step 1 – Introduction

Our R&D Consultant will call you to understand your research and development activities and arrange a visit. At the meeting they’ll discuss your R&D projects and eligibility for tax relief. Our service offers technical and specialist tax expertise to maximise R&D tax relief claims. If you wish to take the next step we’ll send you an engagement agreement, authority to act as your agent and details about the Easy R&D Claim Portal.

Step 2 – Your Data

Using our Claim Portal you’ll be guided through a series of financial and technical questions. These include costs for things like utilities, staff, consumables and prototypes.  We’ll also ask you to upload the last 2 years full company accounts and corporation tax computations from your accountant. On the technical side we’ll prompt you to briefly describe your R&D activities and anything new you’d like us to consider since the initial meeting.

Step 3 – Our Analysis

Via the Easy R&D Claim Portal our experts will take the technical part of the information you’ve provided and research the scientific or technology to ensure there is a robust R&D claim. At the same time a chartered tax accountant will assess the financial implications of the R&D project(s) and collate eligible costs for the claim. Sometimes they will arrange a video conference call with you to work out how to strengthen the R&D narrative and maximise your claim.

Step 4 –  Claim Submission

Our claims team will finalise your R&D tax credits claim. This includes technical information, eligible financial costs, revised CT600 corporation tax computations and a compliance summary. After you’ve approved the finalised claim we submit online to one of the specialist HMRC R&D units and liaise with them on any queries. We take full responsibility for claiming on your behalf and will only involve you if absolutely necessary.

Step 5 – HMRC Credit

HMRC aim to turnaround SME R&D tax credit claims within 28 days. However, the length of time it takes for HMRC to review a claim will depend on the complexity of the claim, your accounts and the time of year.

After HMRC have processed and accepted your claim, they will notify you/us and if a repayment is due run a security check on the selected payment method. The actual payment will follow in about 7 days.

Our R&D Consultant will stay in touch to suggest any R&D project record keeping and further R&D tax credit claims in subsequent years.

Questions?

Consult our FAQs

FAQs
 

Call us to claim R&D tax credits - 0800 195 7516