So this is your first foray into the world of R&D tax relief. For businesses spending money on innovating or developing what they do in any way - the R&D scheme is a one-way ticket to a huge cash payment.
Business is tough, now more than ever. Escalating costs and consumers struggling with inflation equate to difficult growth conditions, off the back of a global pandemic and a once-in-a-generation exit from the European Union.
Yuzu Group has your back. With zero capital outlay required and an experienced team to do the legwork, the question isn't why should you claim R&D tax credits, it's why wouldn't you?
If you think R&D tax credits are only for giant multinational companies, think again. Any business registered as a Limited company in England and Wales that pays corporation tax is eligible if you invest money into research and development.
Whether you run a bed and breakfast or a tech company, Yuzu can help you get money back to grow your business further.
The amount you can claim back against eligible expenditure varies depending upon the type of expenditure and the date it was incurred, so it can be difficult to work out accurately.
Eligible businesses can claim back a maximum of 33% for expenditure incurred until 31st March 2023. Large-scale changes were made to the schemes in the Chancellor's 2023 Spring Budget, so it is also important to be aware of these and how they may impact your claim.
The range of expenditure that can be claimed for is deliberately wide. Our consultants are trained to seek out every penny of eligible cost to be added to your claim.
The UK economy is diverse, and we pride ourselves on being able to provide support for businesses no matter what the sector. As long as your company meets the eligibility criteria, we can help you realise the fruits of your labour...
There are two primary methods by which you can receive R&D tax credits. The options generally depend upon the circumstances and particulars of your claim. Our specialist consultants will explain all available options once your claim has been appraised.
Cash payment - paid directly into your bank account
Corporation tax deduction - reduce your tax liability
Our strict process is the result of dozens of successful claims. Our team works as your in-house team of tax experts to simplify the process, maximise your claim and push everything through as efficiently as possible.
Yuzu Group is not your average tax consultancy. Your business deserves best-in-class support teams, and that's exactly what you get.
Our specialist teams, from their experience in the world's largest consulting firms, are trained to identify every penny of available expenditure and to create high-quality narratives to accompany your claim, whether we're revisiting your previous claim or starting a new one from scratch.
Keen to get the ball rolling with your R&D claim, but need funding to get things moving?
We've got you covered with several business funding solutions to support your growth and innovation, including R&D advance funding solutions and more.
Go to R&D Advance Funding