Talk to the Taxperts

01382 312100

We Have Helped Clients Save Over £20m Of R&D Tax Savings

Our R&D taxperts have secured over £20m of Research & Development tax credits for companies across Scotland in a large variety of sectors.

Over the last nine years, we have completed over 360 claims for innovative companies who have undertaken problem solving activities to adapt or create new processes or products, many of whom didn’t think they were eligible beforehand.

Recent claims have included £106,603 for a textiles company, £86,760 for a food and drink producer and £553,767 for an IT software company.

As many businesses struggle with their cash flow due to the impact of coronavirus, this type of potential cash injection is so important in assisting them to thrive again. Our R&D taxperts have spent much of lockdown supporting our clients and moving swiftly to put through claims. Whilst working remotely, we have completed 17 claims worth over £1.4m and are currently processing another 16 to provide clients with that much needed cashflow injection.

Rachel Bell, Partner

Partner and member of the R&D team, Rachel Bell, comments, “In recent years, we’ve been helping an increasing number of clients secure significant tax savings, allowing them to invest in their business to drive future growth, or in recent cases, protect their staff and business from the impact of the ongoing pandemic.

“We still speak to many companies who don’t think they are eligible and are missing out on this vital cash flow injection. I urge anyone, particularly given the current circumstances, if they have conducted a project seeking to create, improve or adapt processes or products, they have a strong change of qualifying and we will be happy to discuss.”

One of the clients to benefit is Kettle Produce Ltd, a vegetable producer based in Fife who supply a wide range of products including a selection of prepared vegetables to national supermarkets.

Growing & Harvesting at Kettle Produce

Each year, the company undertake a variety of crop trials and develop their processes to increase yield, reduce waste, improve their products and extend the Scottish supply season. They also continually seek to expand their prepared product range, offering new innovative food products to their customers, testing a variety of new ingredients and processes, whilst ensuring  high quality end products are always produced.

Liz Waugh, Finance Director of Kettle Produce adds, “Our business is all about producing the best quality ingredients, ensuring consistency and developing suitable production processes on a large scale. There are many factors to consider and we undertake a lot of R&D to get the right end product. EQ have made R&D claims for us for a number of years and their support is invaluable. Due to the savings they have helped secure for us, we have been able to fund further innovation in the company.

“We just recently received the repayment for our most recent R&D claim. Rachel guided us through the claim process to ensure we were able to claim all of the reliefs we were entitled to. We thank Rachel and the EQ team for their continued support.”

Our R&D Taxperts offer a no obligation discussion on your eligibility to claim for R&D tax credits, you can get in touch with them on 01382 312100 / 01592 630055 or email [email protected].

Latest News

View all latest news

March 15, 2024

Final opportunity – Urgent planning deadline for the transition to the ‘tax year basis’

Speed read Any individual who is a sole trader or partner in a trading or professional partnership will be taxed under the new ‘tax year basis’, which means…

February 29, 2024

Tax Planning Tips Ahead Of The New Tax Year

With the end of the financial year drawing close, now is the time to evaluate your tax position for the year to 5 April 2024 to ensure that…

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