The company has been providing high quality hard and soft landscaping in various sectors around the UK since 2003.
RSL helped them successfully claimed for 2 years with a range of research and development projects they conducted, ranging from multiple bespoke resin surfacing solutions as well as eco-friendly projects designed and structured around the ever-growing need for greener alternatives within the industry.
With the help of RSL, the company has been able to push its R&D projects to new heights leading to an increase in services being offered.
RSL came in and helped analyse each and every project they had completed. We identified 9 projects they had undertaken which amounted to a tax saving of £230,000 in that year.
In the example the business has spent £20,000 in qualifying Research and Development Tax expenditure.
This expenditure is multiplied by 130% to give the enhanced expenditure amount of £26,000.
The enhanced expenditure is then subtracted off of the company's profit figure of £30,000. This leaves the company with a reduced profit level before tax of £4,000.
This reduces their Corporation Tax bill from £6,000 to £800, resulting in a total tax saving of £5,240.
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