R&D tax claim – can you make one?

R&D tax claim – do you need help to see if you can make one?

Last autumn, Chancellor of the Exchequer Jeremy Hunt announced many changes to the R&D Tax Credit scheme. Consequently, from April 2023, R&D claim values are set to fall. Also, due to the heavy criticism it faced last year, HMRC has overhauled the way it processes and scrutinises R&D tax claims, leading to a surge in enquiries.

On one hand, this has helped eliminate many bogus claims which, no doubt, all conscience taxpayers welcome. On the other, however, lots of valid claims have been caught in the same net.

Therefore, if you find yourself in this predicament and are uncertain about your next move, we at Barnett Ravenscroft are here to help. Our seasoned R&D consultant can:

• Evaluate the nature of the enquiry and offer informed suggestions concerning how best to respond.
• Alternatively, with your input, will manage the response process on your behalf.

Facing an enquiry is a challenging and frequently stressful situation; our goal is to support you throughout, providing clear guidance and practical advice.

Please contact us here if you would like to discuss an R&D tax claim.

Don’t just take our word for it, hear what our clients have to say….

“I have been a client of Barnett Ravenscroft for several years. I made the switch for both my company and personal tax/accounting affairs as a result of having “shared” mutual clients with Barnett Ravenscroft and my then accountants having been subsumed into a larger impersonal practice. I have found all the Partners & staff at Barnett Ravenscroft to be knowledgeable, professional, friendly and approachable. I am very pleased with the services provided by Richard and his colleagues.”

John Soden, Director J55 Consult Ltd

“I have worked with Barnett Ravenscroft for a large number of years now, and I am actually the second generation in my family to use this excellent accountancy firm. Being large enough as a company to deal with the big stuff, they have not lost the small company attitude, which means they truly support their customers with a friendly personal service. Unlike other companies, they come up with support you need, without you actually asking, which has proved to be  invaluable to a busy company owner like myself.  Through the pandemic, the information they have provided has been incredibly useful to my company, and I would class them as second to none.”

Mark Bennett, Company Director of Caramba Marketing Ltd

“I have used Barnett Ravenscroft for over 23 years now and have always found them to be first rate. They are quick, efficient and nice people to deal with.

Ben and his team have been exceptional recently in the assistance given to obtain a CBIL loan during the Corona pandemic. Thank you again for all your help.”

Guy Widman, Managing Director of Journey the World Ltd