R&D stands for research and development. Research and Development Tax Credits are a government incentive designed to boost innovation across multiple industries. This is an opportunity for you to reduce your corporation tax bill or receive a refund from HMRC based upon the working hours your business dedicates to research & development.
UK companies that spend time creating new products or services, improving existing ones or extending the overall knowledge in their field can claim tax relief for their innovations.
The government scheme is designed to drive forward innovation by supporting businesses who seek to improve or overcome challenges or uncertainties in their products and processes.
Want to know more? Check out everything you need to know about R&D Tax Credits here.
Some businesses use their accountant to submit an R&D tax credit claim, however, it can be complicated, and accountants often miss claimable expenses. Our team of specialists work day-in, day-out on just R&D, to ensure that the maximum possible amount is claimed for your research and development project.
We know what HM Revenue and Customs are looking for, so we can ensure your claim is submitted accurately and successfully. Working with HMRC on your behalf, makes the claim process streamlined and allows you to focus on the day-to-day running of your business.
Just 5% of eligible businesses claim Research & Development Tax Credits, meaning billions of pounds of funding goes unclaimed every year.
So why not claim the tax refund you’re entitled to? You could be missing out on thousands of pounds (or hundreds of thousands), that’s money that could be invested straight back into your business.
We provide the easiest, most cost-effective solution to claiming Research and Development tax relief. We make the process simple, so all you need to do is provide us with some information we’ll deal with rest, the process is that simple.
This cash injection could provide the fuel for your business needs to grow and continue to innovate.
Claiming with Green Jellyfish is as easy as 1-2-3
We won’t charge you a penny for our services unless your claim is successful. We offer an all-inclusive service with no hidden charges. We can also backdate claims by two years, so you could be entitled to double refunds!