Talk to the Taxperts

01382 312100

Research & Development Claim Settled!

In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. During these uncertain times when businesses must do all they can to survive, it is critical to consider all options available to maintain cash inflow.

Recently, our EQ Taxperts completed a 2-year R&D claim for a Scottish based food manufacturer, which resulted in a client saving of £73,796!

The company is a producer of healthy snacks, they use vegetables and other natural ingredients to develop a series of different products.

In the years under review, the company formulated a recipe for a brand new product, ensuring it was nutritious but also tasted good and appealed to consumers. In determining the ingredients the company also aimed to eliminate waste produced in the process. Time was spent overcoming technical and process issues using different ingredients to achieve a product with all the desired attributes. Work was also undertaken to diversify the range of products to include different raw ingredients as the main component and to achieve different nutritional benefits.

Our client will use their tax savings to continue to fund further development of their healthy snack production.

Our dedicated R&D team have a 100% success rate and have saved over £21 million for our clients. Claims may require only 3 to 5 hours of your time and can be done largely over the phone with the likely result of significant tax refunds. We do not tie you into contracts and will do as much or as little as required to help businesses, the important point being to make a claim to generate cash flow.

If you would like to discuss your own circumstances to see if you are eligible to make a claim, please get in touch with David or Ross.

Latest News

View all latest news

February 18, 2021

Research & Development Claim Settled!

In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. During these uncertain times when businesses must do all…

February 17, 2021

The VAT Deferral New Payment Scheme

As mentioned in our previous article, businesses that deferred their VAT payments due between 20 March to 30 June 2020 can opt-in to the VAT deferral new payment scheme….

Download our EQ app and keep up to date with tax news, changes and have access to our EQ Portal, tax calculators and key tax dates at your fingertips. Click on the relevant button on your device to download our free app.

Visit EQ Accountants Visit EQ Accountants

Explore the full range of EQ Expertise

acca
CA
icaew
the-charteded-institute-of-taxation-logo

2020-innovation
cherries
ACC 2019 LOGO Finalist