A successful outcome despite the need for a quick turn-around. 

Sector: Engineering

Profile: £700k turnover & 14 employees

Approach: A family-owned business who were previously unaware of the R&D Tax Credit scheme and whose year-end was imminent when engaging with Innovation Tax. With just nine days available to submit a claim before the legal deadline, we worked with the client to assess and complete the claim with four days to spare, including helping their accountant file an amended tax return incorporating the benefit.

Result: £26,000
Client Feedback:

“As a company, we are involved in developing projects and products for handling refrigerants. We had previously considered claiming for Government-backed R&D Tax Credits, but we felt the claim process was onerous and our accountant did not have the expert knowledge. From our first meeting with Innovation Tax, they quickly understood the technical and financial aspects of our eligible R+D work and, with their industry expert carrying out the assessment and writing the reports to justify our claim, the entire process took only a couple of months from the initial meeting to receiving the repayment from HMRC. We would highly recommend using Innovation Tax Specialists’ service. “

Innovation Tax specialise in helping companies access vital funding and tax incentives to enable their businesses to grow, increase profitability, reduce risk and enable further investment in R&D and capital investments.

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