How advisers can help with R&D credit claims

Inward investment is fundamental to the innovation cycle and growing numbers of UK companies recognise the potential value of research and development (R&D) tax credits. However the annual application process can easily become a tick box exercise with each application mirroring those of previous years. But did the R&D tax credit adviser visit the business? Was there a discussion of any business changes to ensure key innovations are included in the next submission? What level of specific expertise is offered?

Without care in these areas opportunities may be missed. Just think how much a business changes year on year especially in those companies pushing forward with innovation. Consider also how HMRC continues to reinterpret tax credit legislation with for example the creation of a new team including dedicated technology experts to manage the complexity of claims related to software design.

All these factors mean it is...