As technological advancement is rapidly taking place, many companies are offering multiple administrative and support services which fall under R&D, that’s why there is a high number of claims from this sector. It inculcates planning, designing, and developing services such as cloud services that fulfill HMRC’s criteria for R&D tax relief claims. HR companies, call centres, rental and leasing firms, and recruitment agencies come under administration and support services which often fulfill prerequisites for the claim.
Many companies are carrying out several R&D projects unknowingly and that’s why they are missing out on such a big benefit of tax reduction or payable credits which can be reinvested for never ending cycle of success. Many other sectors such as wholesale, retail traders, construction, agriculture, forestry, etc. also carry out R&D projects and a number of claims are made by these sectors every year.
Have you made an R&D claim? If no then don’t miss out on these valuable credits or Tax relief which can revolutionise your business and accelerate its growth in a competitive market in no time. Feel free to contact our R&D Tax Credits experts any time and get your project’s eligibility accessed along with fill assistance in the claim process with guaranteed success!