Page 9 - Should you be claiming R&D tax credits

WHAT ARE R&D TAX CREDITS?
Ways to claim
SELF-CLAIM
YOUR ACCOUNTANT
R&DTAX PROVIDERS
Whilst you understand what you do, it is less likely that you fully understand all aspects of the scheme and how to interpret it, and therefore self-claims often result in lengthy engagements or enquiries with HMRC owing to incorrect claims.
The accountant route is often assumed to be the logical choice because it is a tax process, however, if the claim is assessed properly the activity is 80% technically focused. The great majority of accountants are not technical and will not understand what you do, how you do it, the context of your projects and known industry alternatives and therefore generally submit conservative claims that are largely under the legitimate entitlement for the client.
When it comes to service providers there is a real disparity in their propositions. Some are just accountants side-lining in R&D claims but with no technical expertise, others rely on the client to do
the majority of the work involved in the process, and a very few may have some limited technical expertise across a few specific industries. The specialist partner choice you make can impact you in terms of the time, risk and complexity that your business faces as well as the accuracy and value of the claim.
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How can VISIATIV help you?
9 VISIATIV makes the process simple, providing a complete end-to-end service in claiming R&D tax credits on your behalf.
9 We’ve secured millions of pounds in benefits for UK clients, identifying £3.3m in eligible R&D activity every single week.
9 Our staff have a special blend of technology, tax and financial expertise, keeping you in safe hands.
9 We reduce the risk of an HMRC enquiry and will defend your claim.
9 We approach R&D Tax Relief from the point of view of examining the technology employed, rather than as purely an accountancy issue, thereby delivering a precise, robust and maximised claim for our clients.