We have streamlined the claims process to make it really easy for you to make a claim. Most claims will take HMRC around 4-6 week to process. Allowing a further 20 days for HMRC to get the money into your account, means the entire process can be completed within 6 – 8 weeks (start to finish).
This is all you need to do:
- Initial ‘Go/No Go’ Check
The first thing we’ll do is send you a short introductory questionnaire to help us identify whether you’re likely to be able to claim your free money through the R&D Tax Credit.
You can also just speak direct with one of our R&D Tax Credit advisors to answer any questions and we can also give you an initial indication of whether your claim will succeed.
- R&D Questionnaire
If you pass the initial hurdle (and most companies do!), we’ll send you a more detailed questionnaire which will help us identify all the possible areas of what HMRC will consider as ‘R&D’ (it’s a lot wider than you think!) and the maximum amount we think you will be able to claim.
You will be able to call us at any time to ask for help with completing the R&D Questionnaire or to answer any questions you have on the process.
- Your Personal Claims Adviser
Once we receive your completed R&D Questionnaire, you will be assigned your own personal claims adviser who will review your responses and contact you to discuss any areas which aren’t clear or if there are areas where we may need some more information to prepare the claim and maximize your recovery.
- Preparing the Draft Report
We will prepare a draft R&D Claims Report based on the information you have supplied in the R&D Questionnaire and any follow up information obtained by our claims adviser.
We will send you the Draft Report and you will be able to make any changes you want to it, and of course to discuss it with your claims adviser.
Once we have agreed it with you, we will send you the final R&D Claims Report for your review and approval.
- Submission to HMRC
We will submit the agreed R&D Claims Report, together with the appropriate tax calculations and submit your Tax Form to HMRC.
- Your free money or tax credit
HMRC says that it aims to process these claims within 4 to 6 weeks. Unless you happen to file at a busy time of year (such as December and March which are the most common financial year ends), we have found that most claims are processed within this period. So, unless there are any inquiries raised, HMRC should realise and process your payment within a few weeks.
- Future claims
The good news is that R&D credits are not a ‘one-off’ claim. You can claim for each financial year which you have any R&D expenses. So, we’ll make a note to liaise with you directly when your next claim falls due. We can also help you streamline future claims through helping you identify potential R&D expenses and help you maintain records of costs incurred.