Research & Development Claim Settled!

Category: Taxation - Posted On: Mar 7 2019

Our team recently completed a Research & Development (R&D) claim for a client based in the West of Scotland, resulting in a client saving of £23,400!

Our client is a University spin out company specialising in the design and development of tactile sensory technology.

During the year of claim, the company was involved in several qualifying projects, including the design and commercial development of a tactile glove to exactly measure pressure distribution over a user’s hand. This included sophisticated electronics programming, the requirement for miniaturised circuitry and a significant amount of trial and error to be able to assess the level of tolerable error. Further developments were undertaken to provide an integrated electronics platform for a large number of sensors and to produce a sensory piece of kit to be four times as powerful as any competitor.

R&D tax credits provide a valuable cash flow injection for eligible companies. They then have the enviable problem of how to reinvest it for the benefit of the company.

We have a 100% success rate for R&D claims, with every claim submitted having benefited the claimant company. We have completed over 300 claims and saved over £16 million for our clients, through a proactive approach in identifying and completing relevant claims. We can assess your eligibility then prepare a claim for you, if relevant. Your involvement should not take more than three or four hours and the benefits can be huge.

If you would like to discuss your own circumstances, require support or further information on R&D Tax Credits, please email our EQ Taxperts or call your local office contact.