This document provides a checklist for companies to determine if they qualify for Research & Development Tax Credits through an EC scheme that rewards innovation. It lists 5 simple yes/no questions about a company's activities: 1) Is it a limited company, 2) Is it developing new products or software, 3) Are the new products/software intended to improve on what is currently available, 4) Is the company paying for development itself, and 5) Does product development involve challenges with no immediate answers that require multiple attempts to solve issues. The document recommends contacting Oldland Consulting Ltd. if all 5 questions can be answered yes, as the company likely qualifies for R&D tax relief.
2. An EC scheme exists to reward innovation
We have produced this simple checklist to check
whether your company qualifies for these
annual EC backed payments.
To qualify your business will be developing new
products or new software.
During the last four years we have successfully
made 175 claims totalling 贈7m, thats an
average of 贈40,000 per claim. We have never
had a claim turned down.
Spend 1 or 2 minutes checking whether your
company ticks the boxes this may prove to be
the most valuable time you will spend this year.
3. Can you say yes to these 5 simple
questions?
1) Is your business a limited company?
2) Is your company developing new products or new
software?
3) Would you say that the new products or new software
are intended to improve on what is currently available in
the market place? the improvement could be:
cheaper, lighter, smaller, greener, cleaner, faster, cleverer, stron
ger, etc.
4) Is your company paying for these new product
developments itself? as opposed to a third party subsidising
your efforts.
Just one more to go
4. Just one more yes required
When your business is developing its new
product/s or new software would you agree with
the statement the product development is
challenging, because we do not have immediate
answers to resolve all of the issues that we
have come across we have had to make
multiple attempts to find ways to try to achieve
our end objective. for issues you could
substitute:
problems, difficulties, barriers, complications, et
c.
If you have answered Yes five times, your
business almost certainly qualifies for R&D Tax
relief.
5. What next?
Call David Oldland of Oldland Consulting
Ltd now on 01243-838331.
Alternatively, email David at
David@OCL.co, please remember to
mention your companys year end date.
Contact us today, claims are time
limited.
We will tell you about our Success Fee
only service - Thank you