Why London Chooses R&D Tax Consultant
Based in Soho, our work begins where traditional accounting stops. We specialise in identifying the qualifying R&D expenditure hidden within the operational budgets of London’s most innovative companies. Many general accountants can process a claim; very few can interrogate a project to find the technical uncertainties that form the bedrock of a defensible, maximised R&D tax relief submission under the new merged scheme.
The line between a standard commercial project and qualifying R&D is often buried in technical detail. Was a standard API insufficient, forcing your team to develop a novel data-handling protocol? Did your manufacturing line require bespoke tooling to work with a new composite material? These are not accounting questions; they are technical ones.
Why London Firms Partner With Us
Navigating the complexities of HMRC’s R&D tax relief scheme requires more than just filling out forms. For businesses across London, from the tech startups in the ‘Silicon Roundabout’ to the engineering firms tackling massive infrastructure projects, the challenge is articulating technical advancement in a way that satisfies HMRC’s stringent criteria.
- Deep Dive Technical Reviews: We analyse your project documentation, from initial specs to final testing data.
- HMRCMerged Scheme Compliance: We structure every claim according to the post-April 2024 rules, including the 20% R&D expenditure credit (RDEC) model.
- Narrative & Evidence Preparation: We translate your team’s technical work into a clear narrative that directly addresses HMRC’s definition of R&D.
- Proactive Record-Keeping Advice: We help you implement systems to capture qualifying activities and costs as they happen, strengthening future claims.
Our focus is on building a robust, evidence-based narrative for every claim. We document the scientific or technological uncertainties your team faced and the systematic process of investigation they undertook to resolve them. This isn’t about just listing costs; it’s about proving a methodical attempt at innovation.
HMRC requires proof of an “advance in overall knowledge or capability in a field of science or technology.” This looks different in every industry. Below are real-world examples of qualifying activities we document.
R&D Tax Credits Services
Our methodology ensures clarity, accuracy, and detail at every stage.
- Eligibility Review: An initial assessment to determine if your projects contain genuine technical uncertainty.
- Cost Assessment: A thorough review of financial data to identify all claimable costs, including staff salaries, consumables, software, and relevant subcontractor fees.
- Technical Narrative: We work with your technical leads to prepare a detailed report explaining the project’s goals, challenges, and outcomes.
- Submission-Ready Package: We assemble a complete claim, ready for your accountant to submit with your corporation tax return.
- Inquiry Support: Should HMRC have questions, we are there to help you respond with detailed, evidence-backed answers.
Each part of the process is handled with a focus on clarity, accuracy and relevant supporting detail.
Client Testimonials
Our specialist focus allows us to uncover qualifying expenditure that others miss. Businesses that switch to us from general accountants often see a significant uplift in their claim’s value.
A Note on the Merged R&D Scheme (Post-April 2024)
For accounting periods beginning on or after 1 April 2024, most companies must claim under the new merged R&D Expenditure Credit (RDEC) scheme. This provides a taxable credit of 20% of qualifying expenditure. The rules around subcontracted work and overseas costs have also become stricter, making specialist guidance more important than ever. We ensure your claim is fully compliant with this new, more stringent HMRC landscape.
Address: Medius House
2 Sheraton St
London
England
W1F 8BH
Email: [email protected]
Service coverage: London.