Companies are receiving payments from HMRC: up to £33.35 for every £100 of Research and Development spend.
An independent payment processing company invested significantly in the research, design and development of its own innovative payment processing products, which included a range of additional and beneficial features which were unique to the marketplace.
We identified a number of areas of R&D. These included:
The R&D claim resulted in a cash repayment from HMRC of £341,000.
The company is a world leader in providing oxygen-enhanced MRI (OE-MRI). OE-MRI is a non-invasive and non-ionising imaging method that provides information on lung disease status and tissue oxygenation.
The R&D claim resulted in a cash repayment from HMRC of £132,000.
The company invested in the development of digital media displays for taxis in the form of the roof-mounted pods. The aim was to develop a technology that could provide remotely updated, location specific digital advertising display messages.
The R&D claim resulted in a cash repayment from HMRC of £85,000.
The company is a manufacturer of scientific equipment and laboratory consumables. In addition to creating new products they have sought to improve their existing range of products and manufacturing processes.
The R&D claim resulting in a cash tax saving of £58,000 over two years.
The company is an independent research, innovation and technology company that drives innovation through the use of satellite. The company sought to manipulate and utilise data and imagery from satellites in a number of different ways on a large number of projects.
The R&D claim resulting in a cash repayment from HMRC of £200,000 R&D expenditure credits.
A professional practice, who having experienced significant growth in its business, sought a more efficient way of working. The firms work is complicated but also process driven. Having assessed the market for an ‘off the shelf’ solution, it was apparent that none of the available software packages had the capability to create personalised working practices in an electronic environment that encompassed all of the required enhancements. As a result, the Company undertook a large scale, complicated internal project to develop software to create electronic workflows, replacing the previously largely paper based system.
The project was costly as it required the company to invest in a significant number of man-hours. With limited funding available to the company, they sought access to R&D tax benefits to subsidise the cost of the project conducted by a subsidiary company to be within the R&D tax relief regime.
We identified a number of aspects of the development project on which R&D tax benefits could be claimed and we then helped them prepare their R&D claim.
To date the firm has received £187,000 of R&D tax credits from HMRC, with an estimated additional £60,000 due in respect of the final phase of the project.
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