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R&D Guides Jul 21, 2021 2 min read

Get money back with our R&D Tax Credits service

Earlier this year, we launched our R&D Tax Credits service to help founders claim money back they’ve spent on research and development.

R&D tax relief is an HMRC initiative that pays your company back up to 33% of what you spend on qualifying activity for research and development. You get the money back in the form of Corporation Tax relief or, if you’re a loss making company, as a tax credit (that is, a cash payment).

You can now make your R&D claim with SeedLegals.

Am I eligible for R&D tax relief?
For how many years can I claim R&D tax relief?
How much R&D tax relief could your company claim?
How to make your R&D claim with SeedLegals

Am I eligible for R&D tax relief?

Maybe! It isn’t only tech companies that qualify for R&D tax relief. As long as your company is innovative, you could be eligible.

To find out if you’d be eligible for tax relief, book a call with us. Our team includes specialist accountants and lawyers – you’ll speak directly with one of our experts.

For how many years can I claim R&D tax relief?

You can claim R&D tax relief retrospectively for the previous two accounting periods.

How much R&D tax relief could your company claim?

To find out how much your company could claim, try our quick calculator »

How to make your R&D claim with SeedLegals

As you’d expect, we’ve made it as easy as possible to create a comprehensive and accurate claim. Our success rate is 100%, with no claims reduced (at July 2021).

Here’s what happens:

    1. Log in to get started
      If you’re new to us, setting up an account is quick and easy.
    2. Create your Technical Narrative
      This is the core of your R&D claim. The Technical Narrative is your ‘story’ where you tell HMRC about your company and your R&D projects. Follow our online guidance to structure your narrative. We prompt you to include information about advances, technical uncertainties and resolutions, and to describe the people involved in your projects. Our R&D experts are on hand to help.
    3. Enter your totals
      Fill in the total amounts you’ve spent for the categories of eligible costs, such as employees’ salaries and payments to subcontractors. We guide you through with helpful online prompts. If you need some extra help, start a live chat with our friendly team  – they’re experts in R&D claims.
    4. Upload your company accounts
      When you’ve uploaded your most recent company accounts, all the data for your claim is stored securely on our platform. Next you’re ready to…
    5. Submit your claim for review
      Our R&D experts thoroughly review your claim. We don’t just check it’s 100% correct, we’ll maximise what you get back. We’ll get back to you within three business days with our detailed report. If we have any questions, we’ll be in touch before that.
    6. Send to HMRC
      When we’ve completed our review and you’re ready, submit your claim to HMRC.

That’s it! All you need to do is wait for the response from HMRC. You’ll usually hear from them in four to six weeks.

 

 

Jonathan Prezman

Jonathan Prezman

Jonathan manages our R&D Tax Credits service. He's an ex-founder himself, and a qualified lawyer.
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