Innovation in Life | Experienced R&D Specialists

Experts in Innovation

Research and
Development Specialists

We have extensive experience and expertise in this field and will assist you with the entire process of claiming the Government’s HMRC R&D Tax Credits/Refunds. We will work closely with you to identify the R&D projects that you are carrying out within your company and the associated qualifying activity. Our sole focus and attention to detail ensures you benefit from the maximum claim value to fuel your company’s growth.

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written into law

A statutory tax relief, part of the Finance Act

HMRC Research & Development (R&D) Tax Credits/Refunds are a Government incentive introduced under the previous Labour Government and are still in place under the current Government. This valuable source of funds helps companies to grow, continue to innovate and invest in Research & Development. R&D incentives can transform your company and if you are making a claim for the first time, you will be able to claim for the previous two financial years.

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“This was our first R&D claim, Innovation in Life were focused and made the process straightforward and stress-free as they guided us through each stage."

From start to finish, ARC:MC have found the team at Innovation In Life a pleasure to deal with. Their team were highly passionate, methodical, and meticulous when learning about our projects.

The team at Kingsbury were highly satisfied with Innovation in Life’s services: maximising our 2019 R&D tax credits. Their detailed understanding of our project work and open lines of communication made for a smooth, salutary process.

"IIL exceeded expectations. To build a detailed and honest claim, they visited our warehouse to advance their knowledge of the business. The claims process was straightforward and they were transparent and attentive in all communications."

"Finally we found a company which were not only able to offer a premium service, but also managed to increase our claim significantly. IIL were sincere and meticulous in their approach, and directed us through the process with expertise and professionalism."

"Everyone at Stak was very impressed with Innovation in Life. After a surprisingly short amount of time we had supplied the necessary information to IIL. We were unaware of how beneficial R&D Tax Refunds would be to our company. "

"A pleasure to work with; IIL's ability to inform you consistently and thoroughly as the claim progressed was refreshing and ensured a stress-free experience."

"R&D will be critical to a swift economic and social recovery from the impacts of COVID-19, for a greener, healthier and more resilient UK."

SEAMLESS SERVICE

Creating growth through innovation

We offer a seamless service and will take care of every single part of the claim from the moment you engage with us. There are four simple steps to make a claim.

Step 1

Discovery and assessment

Step 2

Analysis and documentation

Step 3

Approval and submission

Step 4

Completion and payment

The average claim preparation will take no longer than 4 weeks and HMRC aim to make payment in 28 days, with only 6 to 7 hours of your company's time needed to complete the claim

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Questions

We’ve pulled together some basics to help you get started

Can you include VAT in an R&D Tax Credits/Refunds claim?

You cannot normally include VAT costs within a R&D Tax Credit/Refund claim. The exception to this rule is if your VAT costs are not recoverable through a VAT return. Whether this applies to you or not will depend on your VAT classification.

Can pension contributions be included in a R&D tax Credit/Refund claim?

Employer pension contributions are classed as qualifying expenditure for the purposes of a Research and Development (R&D) Tax Credit/Refund claim. As long as the staff member is involved in your R&D project, you can include their employer pension contributions in your claim

Is there a free consultation available?

We offer a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

Can I claim R&D Tax Credits/Refunds on subcontractors?

Yes, an SME carrying out Research and Development (R&D) will usually be able to claim 65% of the costs paid to any subcontractor for qualifying activities.

How much could I claim?

We offer a no obligation 15-minute telephone conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

Do R&D Tax Credits/Refunds apply to a sole trader?

Research and Development (R&D) Tax Credits/Refunds can only be claimed by companies that are liable to pay UK Corporation Tax. Sole traders do not pay UK Corporation Tax and, as a result, they cannot claim R&D Tax Credits/Refunds.

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Questions

Get the credit your company deserves and fuel it’s growth

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Designed and developed by Creative Pod

Creating growth through innovation

Research and
Development Specialists

A statutory tax relief, part of the Finance Act