Develop Together : It’s the TCC Way
At TCC we bring a unique, consultancy approach to your Research & Development tax claims.
WHAT IS RESEARCH AND DEVELOPMENT?
R&D Tax Credit Claims Made Simple!
Research & Development (R&D) tax relief is the government’s incentive to reward the time and investment UK businesses have put into solving unusual business problems. It allows firms to claim additional tax savings on many of the costs they incur while developing new products or processes, or improving existing ones.
Invest money in research and development
Make a claim
HMRC pays up to 33% of your R&D costs
QUALIFYING REQUIREMENTS
Who qualifies for R&D tax credits?
Any UK-registered limited company, in any industry sector, can apply for R&D tax credits. A successful claim leads to Corporation Tax relief and, for many companies, results in cash remittances from HMRC.
Learn more
HOW DO YOU QUALIFY FOR R&D?
Is your business eligible for R&D tax credit?
Limited Company
All UK-registered limited companies are eligible under the R&D Tax Credit Scheme. A limited liability partnership (LLP) may only claim if the R&D project is undertaken in partnership with a Corporation Tax-paying firm. Sole traders are ineligible.
Carrying out R&D activities
HMRC set down a complex set of criteria as to what kind of activity qualifies for relief under the R&D Tax Credit Scheme. Fundamentally, the R&D must involve the increase in overall knowledge or capability in a field of science or technology. This means improving on the knowledge that’s publicly available or the capability of a competent professional working in the field.
How your spending qualifies
There is a lot that can qualify for R&D tax relief. This can range from planning, designing, testing and analysis methods through to the creation and adaptation of materials, equipment or software. Even staff time given to things like the record-keeping, maintenance, security protection and training in relation to the R&D project can all count under the R&D Tax Credit Scheme.
Check how R&D tax credits would work for you
Answer a few quick and simple questions to see where your company is eligible for tax credit.
GREAT REASONS TO CHOOSE US
Why is TCC the company to take care of your claim?
Over £10 Billion of tax relief support given to UK companies since 2000
What we earn from working with you is directly linked to how we perform
Every single one of our clients reports 100% satisfaction with our work
We are registered tax agents, authorised to submit your R&D claim directly to HMRC
WHY IT PAYS TO BE WITH TCC
What makes us different
With TCC
We keep you up to date with government legislation
With our plain-English bulletins, we run through all the latest initiatives for R&D, so you don’t have to. If you want it, we will also provide R&D best-practice coaching and workshops.
Personalised one-to-one approach
Our dedicated Client Managers will work with you to provide an individual, forensic analysis on each project you undertake. We provide a confidential R&D record-keeping service and intellectual-property assessment and advocacy you can call on at any time.
We’ll do all the hard work for you
We also understand that businesses are busy, that time is a valuable asset and our process is designed to take up as little of it as possible. Even so, we are there whenever you need us.
Without TCC
No personalised one-to-one contact
Breaking new ground with R&D is not a straightforward process and how a project is communicated to HMRC is the key to a successful claim. The task requires not only an expert tax agent, but also an expert communicator.
Extensive form fill
Claims under the HMRC Tax Credits Scheme can be complex and laborious to complete, requiring a lot of thresholds to be met. As the company behind the R&D, jumping through all those hoops alone only makes it harder.
No best-practice advice
To understand how best to undertake R&D work, with the methods and processes involved, requires a breadth of experience in dealing with lots of different companies in lots of different sectors. Not every R&D firm or tax agent can say they do.