Research and Development/Patent Box

Research and development / Patent Box

For businesses that are undertaking innovative projects in science and technology you may be able to claim corporation tax relief for R&D. Similarly, for businesses that generate profits from patented inventions you may be able to pay corporation tax at a lower rate.

It is worth noting that these are government incentives to encourage ingenuity and to bring new products to the market.

At striveX we understand that these claims are an important part of a new businesses cash flow and that the turnaround time is vital.  We are able to provide a 10 day turnaround on tax claims following the end of the financial year where we also carry out year-end accounts and company taxes. All claims are reviewed by our specialist to maximise relief and meet HMRCs criteria.

If you are a small company you may also be able to apply for Advanced Assurance. Advance Assurance is used to give companies a guarantee that any R&D claims will be accepted providing certain pre-agreed criteria are met.