Research and Development Tax Credits: Claim Process
Identify eligible projects
Prepare technical report
Analyse project costs
Liaise with HMRC
Client review & approval
Submission to HMRC
HMRC approval & payment
Prepare Technical Report
Identify Projects & Prepare Technical Report
After completing due diligence on all the potential research & development projects, our technical specialist will review in detail the project goals and objectives which are measured against the industries current art in science and technology. This provides a measure on which the technology can be scored.
We identify the technical risks and uncertainties and provide details as to how they were overcome and the current progress to date. Each project will be individually measured and the basis for eligibility described in terms of:
- The increase of overall knowledge and capability relating to a new product, process, material or service
- Whether the technological advance is considered an appreciable improvement on that currently available.
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