If your company is striving to innovate or is simply doing something interesting in one of the below sectors, you may be missing out on the opportunity to claim Research & Development Tax Relief through the generous government-approved scheme! Cooden Tax Consulting specialises in this complex area of Corporate Taxation and has supported a large number of companies to submit Tax Relief claims across a spectrum of industries.

Since 2000 the UK Government has been trying to encourage innovation and manufacturing through targeted Tax Reliefs for Research and Development.  The Tax Relief allows Limited Companies to reduce their Corporation Tax bill or to claim R&D Tax Credits if they have made a loss.  In most cases the financial benefits can be quite significant, enabling qualifying companies to further invest in growth and new projects.

Companies could be eligible to claim under the Tax Relief schemes if a Research & Development Project “seeks to achieve an advance in overall knowledge or capability in a field of science or technology through the resolution of scientific or technological uncertainty”

There are a number of different sectors that could be missing out on Tax Relief from these Government schemes:

• Pharmaceuticals

• Clinical Research

• Cosmetics

• Engineering

• Product Design

• Software Development

• Construction

• Manufacturing

• Communications & Media

• Information Technology

• Motorsport

• Defence

• Brewing

And many more!

Cooden Tax Consulting’s Director Simon Bulteel is a qualified Accountant and has worked within this specialist area of Taxation for several years, prior to that he held senior finance positions in companies operating at the cutting edge of science and technology, a Global Clinical Research Organisation and an internationally successful British Motorsport team.  As well as helping businesses directly, Simon also works with professionals such as other accountants and solicitors to help their clients to submit robust and defendable claims.

Cooden Tax Consulting also helps companies to claim two other Technology-led Tax Relief Schemes legislated for by Government:

• Patent Box

• Video Games Tax Relief

To find out whether you may be eligible for Research & Development Tax Relief in Eastbourne as well as other Technology-led Tax Reliefs, whether you are a company or a professional on behalf of a client, email or call 01424 225345 today … or visit the Cooden Tax Consulting website.