Tax credits and reliefs

Understanding which business activities qualify for tax credits and reliefs – and being able to make the most of them – can help your business make big savings and attract investment. 

Many businesses undertaking creative or innovative work in science and technology are missing out on tax relief by failing to claim research and development (R&D) tax credits and reliefs. Even if you’re already making R&D claims, it is worth reviewing whether you’re getting the maximum relief. Particularly generous rewards are available to small and medium-sized enterprises.

Access to tax relief expertise can also help if your business is looking to raise funds. Putting the right structure in place so that investors can maximise the tax relief available through schemes such as the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT) can be a key factor in attracting investment.

Meeting your needs

Expert

You’ll have direct access to highly qualified tax relief experts with the skills and experience to successfully manage your claim and advise on business structure.

Bespoke

You’ll get a very personal service, tailored to the precise needs of your business.

Established

We will negotiate on your behalf with HMRC, with whom we have an excellent working relationship, and minimise the time and effort involved for your business.

How we can help

  • R&D reviews: Reviewing your R&D activities and costs to determine which qualify for reliefs.
  • R&D claims: Preparing robust R&D tax claims and advising on the viability and likelihood of success. We also have a bespoke R&D calculator so you can see how much your business could reclaim.
  • EIS/VCT planning: Working with you and your investors to plan and structure EIS/VCT schemes, including advice on the structure of groups and identifying areas of risk.
  • EIS/VCT reporting: Preparing relevant forms and reviewing qualifying conditions on an ongoing basis.
  • Administration: Corresponding with HMRC on claims and helping with record-keeping as well as structuring accounting systems to ensure the tax claim process is efficient in the future.

Our credentials

Track record

We have a high success rate and have helped our clients claim millions of pounds worth of R&D tax credits and relief.

Longevity

Many of our clients have been with us for decades and our low staff turnover provides continuity through the different phases of the business lifecycle.

Awards

We are proud winners of numerous industry awards.

Contact us

Paul Duckworth profile image
Paul Duckworth

Partner Southampton +44 (0)23 8082 7660

Contact us

Matt Watts
Matt Watts

Director London +44 (0)20 7131 4790

Related insights

R and D tax calculator

Use our R&D calculator to see how much your business could reclaim.

Enterprise investment guide

A guide to Enterprise Investment Schemes

Enterprise Investment Schemes (EIS) were introduced in 1994 to help provide unquoted companies with capital to aid their development.

Seed

Seed Enterprise Investment Scheme

The Government introduced the Seed Enterprise Investment Scheme (SEIS) to encourage investment in small start-up companies. This scheme can be attractive to investors by offering generous tax reliefs for qualifying investments.

change for EIS, investor, finance act, EIS rule, shares,

All change for EIS

The Finance Act (No 2) 2015 introduced significant changes to the EIS rules which took effect for shares issued on or after 18 November 2015. Most of the rule changes emanate from the EU as part of their continued review of EIS and the other venture capital schemes as part of the state aid provisions.

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