RSL is looking to expand it’s outreach across the UK to identify and help innovative businesses not currently claiming Research & Development Tax Relief.
Our Partner Referral program is open to anyone who is in the position to refer a business to us, whether you are a previous client or simply an affiliate.
We have paid out over £100,000 in referral payments so far in 2020.
Once a referral has successfully passed through our process and has had it’s claim approved by HMRC we will work out the value of your referral fee and make direct payment to you.
For every new successful claim we pay the referrer 10% of the fee we received for the claim.
Then for every subsequent year that the the company makes another claim we pay 5% of our total fee.
There is no limit to how many referrals you can pass through our process and there is no maximum payout that we can process.
If you know that business has done any of the examples below then don't hesitate to get in touch.
Research and Development Tax can take place in any industry or business at any scale.
Check out some of previous successful claims:
Conveyor company claimed for a portable conveyor system which allows for ease of access to basements with limited access.
Flooring company claimed for a cold joining system that allowed for endless flooring complete with mobile delivery system.
Waste Processor successfully claimed for work carried out on decontaminating waste drilling cuttings from deep sea drilling.
Online gambling software developer successfully claimed for software to monitor gaming over three platforms.
Food packing company claimed over last three years for the innovations they made in the design of it’s packaging.
Building company claimed for improving their current production process for pre-fabricated building construction in their factory.
Horticultural company claimed for the design of a soil sifting and drying process, which helps in the cleaning of contaminated soils.
They successfully claimed for improvements to their PFA brick production plant, which increased production by 35% and reduced wastage by 95%.
Frequently Asked Questions
SMEs can benefit from an enhanced rate of R&D tax credits compared to larger businesses. For a company to be regarded as an SME and qualify for this scheme it must meet the following criteria:
- Must be a UK Limited Company
- Must employ fewer than 500 people
- Have either an annual turnover of no more than £100 million or a balance sheet total not exceeding £86 million.
There is a 2 year time limit to how far back you can make a claim on incurred R&D expenditure. The date that the costs were paid must have occurred within 2 years starting from your current company year end date.
For Example - If your company tax year end date is the 30th June 2018, you can claim any qualifying R&D costs incurred going back to the 30th June 2016.
If your Research and Development projects spans multiple years we will help you to make a separate claim for each year including the respective qualifying expenditure. The total tax saving will be the same result as if the project fell into one tax year.
Companies are able to make a claim for their R&D projects whether they were successful or not. The R&D Tax Relief does not discriminate between the two as it aims to encourage businesses to innovate. The scheme therefore helps businesses to mitigate some of the financial risk involved in research and development.