How to Claim R&D Tax Credits
Step By Step Guide
Documents
We first request the accounting documents we need to calculate the value of your claim:
- Last two accounting years company accounts (with profit and loss)
- Last two accounting years CT600 (company tax return form)
- Last two accounting years tax computations (calculation document).
Calculation
We then have a chat with you and set a percentage against each area of spend, which is attributable to R&D costs, for each of the areas you can claim for (including materials, wages, directors wages, NI & pension contributions, subcontractors, training, software, rent, utilities, travel and more).
Report
We’ll also discuss the projects you’ve worked on in the relevant accounting year, which we then write an R&D report about which showcases what your business does and how it meets the eligbility criteria. This R&D report goes alongside the numerical details of claim and is submitted at the next stage.
Submission
To submit the claim on your behalf, we’ll need email confirmation that you’d like to proceed, your PAYE reference number, VAT and Unique Tax Reference (UTR) number, as well as adding as a team member on your HMRC gateway corporation tax service, enabling us to send the claim submission to HMRC and check the status.
Ready to get started?
It all starts with emailing us your company accounts, tax returns and computations.
