R&D Tax UK Limited -
Relatively few organisations are gaining the full benefit they should from UK R&D Tax credits and this project gantt chart helps to indicate why.
As we have explained elsewhere few advisers have the technical skills to assist in identifying technological uncertainty. But even when this has been achieved underclaims are still quite common.
Many believe that only the red sections of the chart should be claimed, however this is a common misinterpretation of the legislation.
Unfortunately such misconceptions can be perpetuated by discussions with HMRC who will not typically understand the interdependency of the activites in a complex development project.
In this illustration 50% of the project would have gone unclaimed. This is far from and exageration and it is not uncommon to find that less than 20% of a 90% plus eligible project is claimed.
If you are not getting the most from R&D Tax relief call us now on 01962 713733 or email Nigel.Bolton@RDtax.co.uk
Could you be claiming more of your project?