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Her Majesties' Revenue and Cusgoms have just announced the statistics regarding national R
and D credits in England and Wales and the results are extremely interesting indeed!
for company directors figures published bby HM Revenues + Customs gives a top down picture of tthe statistics surrounding Research and Development tax incentive claims in thee United Kingdom.
The info discussed witnout question arre an extremely interesting coffee break read for senior management teams.
Hamilton Woood + Co Limited are asking organisations iin England & Wales sieze what
will in most casses be an immediae tax rebate or noteworthy reductions
in future tax liabilities further to the beneficial government scheme created
to spark new development across tthe country
Research + Development credits are one of the most worthwhile schemes on offer foor firms in the UK as they were introdced
eighteen years ago in the year 2000 to act aas a
carrot (and a golden one at that!) thast the goernment is dangling to encourage UK Co's to carry on our tradition of
enhancing science andd industry.
Your organisation can indded make a case as long
as its liable for corporation tax
The companies tax liability is lowered based on the companies situation off course, if the
business is experikencing a loss, then a cash rebate will be due.
A business devoid of tax liability can continue to make a claim to get
a cash payment.
Simon Dodd, Ops Direcor aat Hailton Wood & Co. Leeds, szid
"Simple fact progressively more corporations by the day are taking advantage of the benefits readily available, these statistics highlight an opportunity for those firms that have yet to make a claim to do so sooner rather than later."
Remarkable numbers off compsny directors are
surprised to learnn that they do in actual fact qualify for
R+D tax incentives, Despite being ill-advised bby other peole they don't.
In most cases our team go on to find tens-of-thousands of pounds for them.
In short, providing a smalol business is making
steps to imprrove science and or industry, thjen a
consultant will be able too discover a claim.
Mr. Dodd maintained "This improper thought that this incentive is only in place for larger companies is insanity. Year after year Small to Medium Enterprises from across the nation are missing out on substantial sums of cash they are entitled to."
Evenn though thee main sectors who apply include production,
information & communication, professional and scientific & technical, (making up to 73%
of claims maade and 75% oof the complete amount claumed back durikng the 2015/2016 tax year),
there are lots of other industries who are making use of R & D tax incentives.
Your business mifht be owed money too!
Simon Doddd suggested: "Most of the companies in most sectors meet the criteria for the benefits offered. We would encourage you to make contact with us to go over the potential of a claim as soon as possible. Particularly, should you have recently developed your products, experimented with new raw materials, improved productivity or resolved any technical issues."
Hamilton Wood and Co. Leeds works with a great amount of distinctive firms, not just witin the North Wesst but nationally.
We've as yyet helped hundreds of firmms sasve millions of pounds.
With our account managers working in Leeds our company
offfers a comprehensive number of business services to aall small businesses,
including Business Financing, Business venture Loans,
Asset Finance,Invoice discounting Services, highly dedicated services for Sub-Contractors to have an income while waiting around forr an undertaking to reach
financial settlement, our company is hhere to help you with the ffective and efficient growth
of your organization.
and D credits in England and Wales and the results are extremely interesting indeed!
for company directors figures published bby HM Revenues + Customs gives a top down picture of tthe statistics surrounding Research and Development tax incentive claims in thee United Kingdom.
The info discussed witnout question arre an extremely interesting coffee break read for senior management teams.
Hamilton Woood + Co Limited are asking organisations iin England & Wales sieze what
will in most casses be an immediae tax rebate or noteworthy reductions
in future tax liabilities further to the beneficial government scheme created
to spark new development across tthe country
Research + Development credits are one of the most worthwhile schemes on offer foor firms in the UK as they were introdced
eighteen years ago in the year 2000 to act aas a
carrot (and a golden one at that!) thast the goernment is dangling to encourage UK Co's to carry on our tradition of
enhancing science andd industry.
Your organisation can indded make a case as long
as its liable for corporation tax
The companies tax liability is lowered based on the companies situation off course, if the
business is experikencing a loss, then a cash rebate will be due.
A business devoid of tax liability can continue to make a claim to get
a cash payment.
Simon Dodd, Ops Direcor aat Hailton Wood & Co. Leeds, szid
"Simple fact progressively more corporations by the day are taking advantage of the benefits readily available, these statistics highlight an opportunity for those firms that have yet to make a claim to do so sooner rather than later."
Remarkable numbers off compsny directors are
surprised to learnn that they do in actual fact qualify for
R+D tax incentives, Despite being ill-advised bby other peole they don't.
In most cases our team go on to find tens-of-thousands of pounds for them.
In short, providing a smalol business is making
steps to imprrove science and or industry, thjen a
consultant will be able too discover a claim.
Mr. Dodd maintained "This improper thought that this incentive is only in place for larger companies is insanity. Year after year Small to Medium Enterprises from across the nation are missing out on substantial sums of cash they are entitled to."
Evenn though thee main sectors who apply include production,
information & communication, professional and scientific & technical, (making up to 73%
of claims maade and 75% oof the complete amount claumed back durikng the 2015/2016 tax year),
there are lots of other industries who are making use of R & D tax incentives.
Your business mifht be owed money too!
Simon Doddd suggested: "Most of the companies in most sectors meet the criteria for the benefits offered. We would encourage you to make contact with us to go over the potential of a claim as soon as possible. Particularly, should you have recently developed your products, experimented with new raw materials, improved productivity or resolved any technical issues."
Hamilton Wood and Co. Leeds works with a great amount of distinctive firms, not just witin the North Wesst but nationally.
We've as yyet helped hundreds of firmms sasve millions of pounds.
With our account managers working in Leeds our company
offfers a comprehensive number of business services to aall small businesses,
including Business Financing, Business venture Loans,
Asset Finance,Invoice discounting Services, highly dedicated services for Sub-Contractors to have an income while waiting around forr an undertaking to reach
financial settlement, our company is hhere to help you with the ffective and efficient growth
of your organization.
