• The scheme increases tax revenue by stimulating economic growth and investment in R&D. HMRC have calculated that for every £1 given to companies investing in R&D, the Government will indirectly receive between £1.53 to £2.35 in tax revenue.
  • Yes, however 50% of self-submitted claims are rejected by HMRC as companies do not have detailed knowledge of the scheme, or what authorises as qualifying expenditure.
  • Companies from most sectors are eligible, providing they are subject to UK Corporation Tax and are making an advance in overall knowledge or capability.
  • Our fee is 6.25% of the qualifying expenditure, fully contingent on the success of the claim.
  • Our fee is fully contingent on the success of the claim.
  • At Breakthrough Associates we are determined to achieve the best outcome for your business. Our team work diligently to understand your business, identify all qualifying costs and build a detailed report which satisfies HMRC’s requirements.
  • Yes, your accountant can submit this claim. However, if your accountant is not an R&D specialist, substantial amounts of qualifying expenditure may be overlooked.
  • Not for profitable businesses. There are thresholds for loss-making businesses that surrender their losses for a cash recovery.
  • You can revisit the last two financial years. If your financial year end is approaching within the next three months, please contact us as soon as possible to ensure your claim can be completed in an appropriate time frame.
  • Our team can help establish whether you have an eligible R&D claim, and identify all of your qualifying expenditure.
  • HMRC endeavour to settle claims approximately 28 days after submission, although this may vary.
  • This is dependent on your qualifying expenditure and tax position. Companies can expect to receive between 14.5% and 33% of their qualifying expenditure in either tax benefit or credit. 90% of companies receive between 24-26% of their qualifying expenditure back.
  • Our team can evaluate your R&D activities and estimate your qualifying expenditure for retrospective claims. This is a process accepted by HMRC.