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HMRC (HM Revenue and Customs) have recently revealeed the national statistics for Research
and Development (RD) Tax Cedits claims across the UK
aand these prove an interesting read. stats and figures issued by Her
Majesties' Revenue + Cusxtoms outlines a top down piucture of the staatistics surrounding R+D tax incentive claims iin the UK.
The statistics listed certainly are
a very tuought provoking read forr business directors.
Hamilton Wood + Co.
Limited are assking orgabisations in England and Wales to capitalise on what more
than likely will be an immediatte tax rebate or significant reductions in future tax obligations further
to the rewarding program which is designed to spar new development country
wide
Research + Development incentives are one of the most interesting programs for firms in the UK as they are in place tto act as a carrot (and a golden one at that!)
that the HMRC is dangling to entioce UK companies
to continue our tradition of enhancing cience and industry.
https://hamiltonwoodandco.co.uk hAMILTON wOOD & cO.
Youur corporation can make a coaim providing it
is liable for Corporation Tax.
The businesses tax liability iss brought down dependant upon the companies position and when the business is incurring a loss, then a cash rerbate will most likely be due.
A business wifhout ttax liability can however make a claim to acquire a cash payment.
Simon Dodd, Director at Hamilton Wood & Company Leeds, said "Eventhough an increasing amount of businesses every day are taking advantage of the financial savings available, these statistics highlight a way for those businesses that have yet to make a claim to do so sooner rather than later."
A large number of companies who are eliigible incorrectly feel, oor worse still,
happen to haave been incorrectly told that they won't qualify for R and D tax incentives.
In short, profiding a corporation is taking steps to advance
science and or industry, then a professional will be able
to discover a claim.
Mr. Doddd continued "This completely wrong belief that this incentive is only there for bigger firms is absurd. Every single year Small to Medium Enterprises from across the country are really missing out on significant quantities of cash they qualify for."
Even though tthe main sectors who claim includ production, ICT, technical,
professional and scientific, (together making up 73% of claims made
and 75% of the complete amount claimed back over the 2015/2016 tax year), there are ots of other industries who are
making use of R & D tax incentives. Your business could be owed a
pretty sum too!
Simon Dodd said also: "A great number of businesses in most sectors meet the criteria for the financial benefits that are available. We would recommend you to make contact with us to discuss the possibility of a claim as soon as possible. Specifically, should you have recently considerably improved your merchandise, explored new materials, improved production processes or overcome any technical issues."
Hamilton Woood & Company Leeds supports a big number of diverse companies, not only
within the Nort Weest but arounD thee united kingdom.
We've as yet helped thousands oof small businesses save millions of pounds.
With our agents working in Leeds we provide you with a comprehensive selection of business services to all
organisations, including Business Finance, Busiiness venture
Loans, Asset Finance,Factoring Services, highly
deddicated services for Sub-Contractors to have an income while waiting for
a project to reach financial settlement, we are here to help you with the effective and efficient growth of
your firm.
and Development (RD) Tax Cedits claims across the UK
aand these prove an interesting read. stats and figures issued by Her
Majesties' Revenue + Cusxtoms outlines a top down piucture of the staatistics surrounding R+D tax incentive claims iin the UK.
The statistics listed certainly are
a very tuought provoking read forr business directors.
Hamilton Wood + Co.
Limited are assking orgabisations in England and Wales to capitalise on what more
than likely will be an immediatte tax rebate or significant reductions in future tax obligations further
to the rewarding program which is designed to spar new development country
wide
Research + Development incentives are one of the most interesting programs for firms in the UK as they are in place tto act as a carrot (and a golden one at that!)
that the HMRC is dangling to entioce UK companies
to continue our tradition of enhancing cience and industry.
https://hamiltonwoodandco.co.uk hAMILTON wOOD & cO.
Youur corporation can make a coaim providing it
is liable for Corporation Tax.
The businesses tax liability iss brought down dependant upon the companies position and when the business is incurring a loss, then a cash rerbate will most likely be due.
A business wifhout ttax liability can however make a claim to acquire a cash payment.
Simon Dodd, Director at Hamilton Wood & Company Leeds, said "Eventhough an increasing amount of businesses every day are taking advantage of the financial savings available, these statistics highlight a way for those businesses that have yet to make a claim to do so sooner rather than later."
A large number of companies who are eliigible incorrectly feel, oor worse still,
happen to haave been incorrectly told that they won't qualify for R and D tax incentives.
In short, profiding a corporation is taking steps to advance
science and or industry, then a professional will be able
to discover a claim.
Mr. Doddd continued "This completely wrong belief that this incentive is only there for bigger firms is absurd. Every single year Small to Medium Enterprises from across the country are really missing out on significant quantities of cash they qualify for."
Even though tthe main sectors who claim includ production, ICT, technical,
professional and scientific, (together making up 73% of claims made
and 75% of the complete amount claimed back over the 2015/2016 tax year), there are ots of other industries who are
making use of R & D tax incentives. Your business could be owed a
pretty sum too!
Simon Dodd said also: "A great number of businesses in most sectors meet the criteria for the financial benefits that are available. We would recommend you to make contact with us to discuss the possibility of a claim as soon as possible. Specifically, should you have recently considerably improved your merchandise, explored new materials, improved production processes or overcome any technical issues."
Hamilton Woood & Company Leeds supports a big number of diverse companies, not only
within the Nort Weest but arounD thee united kingdom.
We've as yet helped thousands oof small businesses save millions of pounds.
With our agents working in Leeds we provide you with a comprehensive selection of business services to all
organisations, including Business Finance, Busiiness venture
Loans, Asset Finance,Factoring Services, highly
deddicated services for Sub-Contractors to have an income while waiting for
a project to reach financial settlement, we are here to help you with the effective and efficient growth of
your firm.
