Need Specialist advice for Client on claiming R&D Tax Credits

R&D Tax Credits Advice

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Can anyone recommmend please a professional person/company who can assess my clients venture for qualifying R&D Tax credits, perhaps also processing the claim. I don't mind admitting this is outside the level of my experience. The client beleives his project qualifies on the basis of the techonlogical advances he is making in his field. Others are working on similar developments but not to the same specification/output.  I have recommended he takes specialist advice on this as I am not so sure, I need to find him someone knowledgable in this field to talk too! 

Thanks for your help

Replies (7)

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By Duhamel
21st Oct 2016 19:59

The location would be helpful. I have a couple of contacts in the midlands and surrounding areas who could assist but they only deal with local businesses.

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abc
By Kim Jong Un's Hair
22nd Oct 2016 14:02

Why don't you give the advance approval process a go before involving another firm. You can now write to HMRC with details of the project and why you think qualifying R&D is being undertaken and they will let you know if they agree before you even start the project.

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Replying to Kim Jong Un's Hair:
By johngroganjga
22nd Oct 2016 19:28

I think the point is that the OP might not feel able to give an opinion about whether the R&D activity in question is qualifying, which I find perfectly understandable. We can all read the tax definitions, but understanding the technical or scientific activity being undertaken is a bit more difficult.

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By SteveHa
24th Oct 2016 08:41

That's a part of the AA process. HMRC will offer opinions on whether or not the project qualifies, what expenses are allowable and what are not, etc.

I wish the process had existed the first one that I did.

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By mikedean
24th Oct 2016 08:56

Hi there! We are a specialist R&D Tax claim service provider - we are not accountants, in fact our team is made up of technical specialists (PhD & MSc Scientists & Engineers) who provide advice to our clients based on both technical insight and a deep knowledge of the appropriate tax legislation. I'd be more than happy to have one of our team call or visit your client to provide some initial advice.....feel free to drop me a line at [email protected]

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Worm
By TheLambtonWorm
24th Oct 2016 09:26

I certainly would be going down the route of advance clearance.

Producing the claim is relatively simple, you just need to know if it qualifies first.

As stated already - this can now be done by HMRC which reduces the risk of your lack of experience considerably.

If HMRC reject the proposal, only then would I consider passing the work to another firm.

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By alphabetti
24th Oct 2016 09:33

Thank you everyone for your replies. I have indeed studied the tax definitions. I do not know enough about the field the client is working in to make a judgement on this. I will look into the Advance Approval Process and perhaps contact Jumpstart for more information.

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