The scenarios below can make R&D claims more complex.
- Grant funding.
- Capitalised R&D expenditure.
- Incomplete record keeping.
- Acting as a subcontractor.
If these complexities are assessed and dealt with incorrectly, a company could significantly under-claim, significantly over-claim, or in some cases, not claim at all.
Do you meet with your adviser annually?
Face to face meetings generally result in a better understanding of your business, a more efficient process, and a more personalised service.
Do you write the technical report?
A short conversation, guided by us, is usually far more useful than a report prepared by you/your staff and can save hours of time for your company. HMRC requires a clear and concise technical report that explains not only your company’s R&D but how this fits within HMRC’s guidelines.
We are the experts on how to do this and do not believe that you should have to spend your company’s valuable time on this part of the process.
We use the notes from our meetings to draft the technical report for you to approve.
Do you complete standard templates?
Information collection templates and spreadsheets are unappealing, time consuming, and often rushed as a result. We help your team to provide the basic (and generally readily available) information. We will then find a way to use what you already have.
HMRC expects a bespoke claim methodology appropriate to your company’s sector and size. This should incorporate clear analysis and assessment that can be easily explained.
Clear and concise explanation in the claim documentation is as important as the methodology itself. Any over-complication only increases the chance of an HMRC enquiry. If you do not understand the claim documentation, it is unlikely that HMRC will either.