R&D tax credits 

THE OPPORTUNITY

Research & Development (R&D) tax credits are a UK government initiative to reward business innovation and promote growth through generous tax incentives.  These can apply in almost any industry but are typically prevelevant in software engineering, network infrastructure, game development, construction and civil engineering, manufacturing, food technology, medical diagnostics and pharmaceuticals.

A successful R&D claim could generate a significant financial benefit, leaving you with more to invest in taking your business to the next level.

THE CHALLENGE

Despite their tax saving potential, HMRC’s guidelines for R&D Tax Credits are complex.  Businesses often claim for ineligible activities or miss out on activities that do qualify.

Every R&D Tax Credits claim submitted to HMRC should be accompanied by a detailed technical report that establishes how each project complies with the legislation and the Government’s guidelines.  This report should detail:

• The exact nature of the project’s technical and/or scientific uncertainties,
• Who has been involved in the research, and
• How each R&D activity meets the current legislative requirements.

Producing this report is time-consuming to produce and technically challenging.  Because a claim that does not clearly explain how its technical elements meet the R&D criteria may attract further scrutiny, potentially fail or attract penalties, businesses are understandably cautious.  KAG’s R&D Credits service is designed to mitigate the risk and maximise the returns on your R&D investment.

KAG SOLUTION

Our specialist R&D Tax Credit partners are experts at optimising results, with a proven track record for delivering a 100% success rate for eligible companies securing savings ranging from tens to hundreds of thousands. The results speak for themselves.

The R&D technical analysts, finance experts and business consultants work in partnership with KAG, identifying and claiming R&D activities on your behalf in order to maximise your claim.  The key to our success is the ability to identify activities that might otherwise be assumed to be normal or routine.  The KAG R&D service ensures all of your qualifying activities are identified and claimed. Our team also has extensive experience preparing HMRC-compliant reports and full supporting documentation.