Are you eligible for R&D Tax Relief?

Tildesley & Tonks have joined forces with R&D Tax Claims Ltd (RDTC) to bring this exciting tax break to innovative businesses in the Black Country.

Since 1 April 2011, SMEs are able to obtain tax relief for 200% (175% - 1/8/2008 – 31/3/2011) of their qualifying expenditure on Research & Development (R&D). This equates to 40% (36.75%) tax relief for a company with profits below £300,000.

For companies making losses, they can surrender the R&D tax relief in exchange for a 12.5% (14%) tax credit paid back to the company.

Qualifying expenditure usually relates to employees involved in research and development but also covers other overhead and direct expenditure including subcontract work.

Tildesley & Tonks work closely with RDTC to ensure that the tax claim process is as painless as possible for the client. Together, we believe that there are many SMEs in the Black Country who are eligible for this relief without being aware of it. It is a misconception that it is only available to companies employing ‘men in white coats’. It is relevant to manufacturing, engineering, communications, media, publishing and transport companies who, in order to compete and survive in the current world economy, have developed new processes and explored specialised and niche markets.

RDTC specialise in R&D tax and grant claims for companies and have a 100% success rate to date.

For more information or to find out whether you could qualify for this valuable tax relief, please ring Mark Evans on 01902 783 172 or email mark.evans@tildesley-tonks.co.uk