The UK’s R&D Tax Relief regime is one of the world’s most successful state aids, providing much needed financial stimulus to support innovation across multiple sectors and industries.
We’ve built a team with extensive experience of dealing with tax relief claims, who are well-equipped to assist claimant companies to identify qualifying activities and costs. Claims for relief will result in a cash benefit either in the form of a reduced corporation tax liability or a repayable cash credit, if loss-making.
We’re also well-versed in preparing successful Patent Box claims which can potentially enable a business to apply an effective corporation tax rate of 10% on profits derived from a qualifying patent.
Our innovation tax team works closely with you to create a tailored approach to building your R&D and Patent Box claims. Our approach is to get to know your business and its development processes, so that we have a fuller understanding of the nature of your R&D activities and the appropriate costs to claim for. We know you have a business to run, so whilst we’re thorough, we’re also pragmatic.
We’ve developed a robust claim methodology and we have regular interactions with HMRC’s dedicated Innovation Relief team.
We have a proven track record of producing value for our clients, whilst managing the administrative burden of claiming relief, which has helped us build a loyal, recurring client base.
Preparation of the support for your R&D Tax Relief claim
Workshops and training for your technology leaders to understand R&D Tax Relief
Reviewing your own R&D Tax Relief calculations and documentation
Patent Box Relief
Creative Industry Tax Reliefs
Innovation Reliefs due diligence
HMRC enquiries concerning Innovation Relief claims
I am a specialist in U.K. Innovation Tax Reliefs and I joined Claritas, Manchester in December 2020. I am a qualified solicitor and I have spent 19 years in private practice in Legal 500 firms before deciding to change career in 2017 into corporate tax relief in 2017. In the last few years I have held senior technical and leadership positions at boutique tax consultancies specialising in Research & Development and the Patent Box tax relief.
Read all of our Innovation Reliefs knowledge articles here
21 June 2023
Claritas have secured us in excess of £7million in R&D tax credits, enabling us to develop our turbine technology and the production processes, ready for full scale manufacture. Their input into the R&D process has been invaluable.
David Roberts, CFO
Bladon Micro Turbines
To find out more about what we do, please get in touch.