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Is your company eligible for R&D tax credits?

“Why didn’t I know there were Research & Development incentives I could claim?”

At PwC we hear this comment every day.  We work with businesses who have just formed and aren’t even trading yet, businesses who are in the start-up phase and businesses who are looking to finance their own growth or expansion.  We help them to quickly identify whether they are eligible for R&D tax credits which can be worth up to 33.35% of eligible R&D costs. Eligibility is defined more broadly than you might imagine, and it can include costs incurred in the course of substantially extending capabilities of existing technologies and processes. For example, if you're developing a bespoke trading platform or CRM system, or if you're re-designing your manufacturing process, you may be eligible. Where your activity or initiative is classed as eligible, your claim will include a wide range of associated costs, including the payroll costs of those involved.

We have developed a tool called Nifty R&D which is a PwC-powered online tool that helps small businesses apply for Research & Development Tax Credits in the UK. Or, put differently, it’s an opportunity for your business to receive additional cash, really easily. You just need to register an account with us and answer a few simple questions. We’ll review and then complete the claim.

It’s one of the fastest ways to prepare an R&D claim online. You’re supported by PwC specialists throughout the process.

More importantly, it doesn’t cost much, if anything.  We have a simple pricing policy: our fee is 12.5% and nothing if you’re not eligible.  We can check that in a quick three-step test.

Go to our website now to register:

https://www.pwc.co.uk/ux23/products/pwc-nifty-r-and-d-tax-credits.html

Or contact me for more information, Emily Steed, Senior Finance Partner, Devon and Cornwall.