3 Scott Drive
Research & Development and the Patent Box
For qualifying companies, Research & Development tax relief is cash claimed back for investments already made and work already paid for, providing a much-needed cash injection now. If a business is developing new, or improving existing products, processes, services, devices and materials or advancing industry knowledge, then they could be eligible for thousands in tax relief. Recently, clients have received cash for activities ranging from developing a block-chain driven exchange (£35,000), the development of new machine tooling components (£232,000) and creating new yeast strains and flavourings for brewing (£122,000). The Patent Box is an effective reduction to a Corporation Tax liability for profitable companies exploiting patents.
Property Capital Allowances and Remediation of Contaminated Land
Commercial properties with unclaimed qualifying plant and machinery relief could be worth thousands in Capital Allowances to owners or occupiers. We have helped clients claim for properties including offices, nursing homes and surgeries, receiving an average of £52,000 in Capital Allowances tax relief. Remediation of Contaminated Land tax relief offers additional relief for money spent by companies removing harmful contaminants from land and buildings.
Any business investing time and resources into innovative research & development in the UK has the ability to access various funding options.
Catax support thousands of businesses in applying for and making claims under the HMRC R&D tax credit scheme.
Using our team of technical experts who understand how this market operates and with the addition of a team of grant writers we are now able to offer our clients a grant support service to help identify, apply and manage the most appropriate grant scheme to help fund and bring to market their innovative products/services.
Our services can be broken down into the following areas:
- Grant Sourcing & Bid Writing
- Grant Claims & Project Management