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Parama Financial

R&D Tax Credits Specialists

A specialist team with former HMRC Employees and Chartered Accountants.

What are R&D Tax Credits?

R&D Tax Credits are a company tax relief for research and development. They can either reduce a company’s tax bill or, for most small and medium sized companies (SMEs), provide a cash lump sum of up to 33% of R&D expenditure.

It isn’t just software engineers and people in white lab coats; you may be surprised as to what could qualify….

Are you a limited or publicly limited UK company.

UK businesses in any industry sector can claim.

Process, Product or Service to overcome your business challenges.

Whether you are turning a profit or operating at a loss, you could qualify R&D Tax Credits. 

Claim R&D Tax Credits

What can be claimed back?

  • Rewards Innovation
  • Risk taking
  • Research
  • Development You can backdate your claim up to two financial years.
  • The cost of materials consumed
  • Staff wages and other costs
  • Payments made to subcontractors and external workers
  • Utility costs

We maintain a 100% success rate and an average claim sum of £50,000.

every business registered in the UK is eligible.

Who Is eligible?

Companies of all sizes can claim R&D Tax Credits, depending on the size of your business will determine which R&D Tax Credit Scheme you are eligible for and also the amount you can claim back.

Eligible R&D Activities: 
 
  • Overcoming Technical Challenges
  • Streamlining processes and procedures 
  • Trial and Error
  • Developing new and bespoke software
  • Innovative Industry firsts

Our aim is to make the process as simple and stress free as possible, helping businesses successfully claim for R&D Tax Credits Incentive. We maintain a 100% success rate and an average claim sum of £50,000.

Get In Touch

Have some questions? Speak to an expert today!

    Contact Info

    Manchester Office

    Magnus House, 8 Ashfield Road, Cheadle, SK8 1BB

    Telephone

    (+44) 161 527 1327

    Mail Us

    info@paramafinancial.co.uk

    Opening Hours

    Mon-Fri: 10:00-18:00
    Sat-Sun: 10:00-14:00