R&D Tax Relief

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R&D Tax Relief

The average R&D Tax Relief claim in 2021 was around £57,000 for SMEs and £70,000 for large companies.

R&D tax relief is available to reward and encourage companies to overcome commercial challenges through the creation of solutions. It is often surprising how seemingly everyday expenditure can qualify for what is essentially an extra tax break offered by the government with no commitment on the other side.

The Innovation Tax Reliefs team at Tax Advisory Partnership are specialists in claims for R&D Tax Credits. We are experts in finding areas of your business that will qualify for credits and already claim for many well-known companies in your sector. Why not contact us and see if you can claim tax credits for your company? Additionally, if you are already claiming R&D Tax credits, we offer free second opinion service.

Complete our enquiry form to claim your free 30 minutes assessment call to see how much you may be able to claim.

Meet our team

Our R&D team is headed up by Grace Bonse (Director) with support from our specialist Corporate tax team.

Grace Bonse

Grace BonseGrace has extensive experience in innovation reliefs. Coming from a science and engineering background with a degree in Chemistry, Masters in process systems engineering and an engineering doctorate in biopharmaceutical process development, she has also worked in the chemical industry for several years with companies such as Johnson Matthey before joining EY as R&D Tax Consultant. Grace has experience preparing R&D claims across many sectors.

R&D services…

Full claim preparation and submission, including determining where the R&D activity happens in your business, analysing your accounting records to establish the qualifying expenditure, preparing the claim and supporting documentation to meet the requirements of HMRC and, if required, negotiation of the claim with HMRC;

A compliance review or second opinion to ensure that an R&D claim prepared by you, or another adviser will be robust to HMRC scrutiny and doesn’t contain obvious points of omission or error;

Assistance with your own claim preparation and submission. For example, if you have resource in-house and would like us to provide you with a lower-level service than we would provide with full claim preparation and submission. We would not advise this option if you have not made a claim in a previous year;

Knowledge transfer and training on the R&D Tax Relief claims process. If you wish to take the process largely in-house in future years we can assist you by training your people, embedding a methodology and providing guidance on the documentation you will need;

Assistance with HMRC enquiries into R&D claims which you have prepared in-house or which have been prepared by another adviser.

Please contact us for a free consultation by calling either 02080371030 or by completing the online enquiry form on this page.

For more information please follow these links:

What our clients say…

Our company has engaged with Tax Advisory Partnership on R&D activities. Their service has been solution oriented, proactive, and good value for money. We have developed a good relationship with Tax Advisory Partnership and find their R&D consultants to be good listeners. I would highly recommend Tax Advisory Partnership for their knowledge of the regulations and the ongoing support they offer.
CFO of a major F1 motorsport company