Zest R & D

24/08/2023

Like many companies, Gwentec thought they were not eligible to claim R&D Tax Credits.

“After a short visit Adam produced detailed reports on my business, submitted them to HMRC on my behalf and obtained substantial results” - 𝗥𝗮𝘆 𝗠𝗲𝘁𝗵𝘂𝗲𝗻 – 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿

Read some of our recent testimonials here 👇 zest.tax/category/case-studies/

21/08/2023

What details are required for the new additional information form?

All companies seeking R&D tax relief must now complete and submit an additional information form to HMRC to support their claims.

This new requirement applies to all companies and must be fulfilled before submitting the company's corporation tax return.

Find out what additional information is required for your claim here 👇

Find out about the upcoming changes on August 8th 2023 of submitting an additional information form to HMRC to support R&D tax credits claims.

16/08/2023

Is your company eligable for R&D Tax Credits?

Are you wondering if you're eligible to claim back R&D Tax Credits? Let us guide you through the process and help you reap the benefits of your innovation and research efforts.

For the SME R&D Tax Credit scheme, you're company can't be over a certain size:

🔬 Less than 500 employees

💰 Annual turnover below €100M

💼 Gross assets totaling less than €86M

But that's not all! In general, to qualify for R&D Tax Credits:

🌍 Your company should be a UK Limited or PLC entity.

🔬 You must have undertaken qualifying Research & Development projects.

💰 Your R&D projects should have incurred eligible expenditure.

We have a team of seasoned R&D Tax Credit consultants with specialised knowledge across various industries.

Find out more here 👇
https://www.zest.tax/

10/08/2023

Get a behind the scenes look at how a recycling specialist netted £250,000 in R&D Tax Credits 👀

Read the full story to see:

⭐How the company recovered just under £250,000 from HMRC over three accounting periods..
⭐Why the client decided to work with a R&D specialist.
⭐What was said about the Zest R&D process.

Read the case study here 👇

Discover how Green Steel, a recycling specialist based in Tredegar, secured an impressive £250,000 in Research & Development (R&D) Tax Credits

08/08/2023

Additional information needed for R&D Claims from today! 📣

Starting today, all companies seeking R&D tax relief must complete and submit an additional information form to HMRC to support their claims.

This new requirement applies to all companies and must be fulfilled before submitting the company's corporation tax return

Find out more about what other information you'll need to submit as part of your claim here 👇

Find out about the upcoming changes on August 8th 2023 of submitting an additional information form to HMRC to support R&D tax credits claims.

03/08/2023

❗ Additional information needed for R&D Claims from August 8th 2023

As announced in the Spring Budget, companies wanting to submit their R&D claim must fill out a form from HMRC.

What's on the form?

👉 Company details

👉 Contact details

👉 Project details

This applies to BOTH SME and RDEC schemes.

All claims and their accompanying forms must be submitted digitally.

Find out more about what other information you'll need to submit as of 8th August 2023 👇

Find out about the upcoming changes on August 8th 2023 of submitting an additional information form to HMRC to support R&D tax credits claims.

24/07/2023

As innovation has evolved so has the R&D Tax Credit Scheme, keeping up with new areas of scientific and technological advancement. 👩‍🔬

Starting from April 2023, HMRC has introduced two new areas of eligibility for R&D claims, opening up fresh opportunities for qualifying businesses.

One of the most notable additions to the scheme is the recognition of innovation in the realm of pure mathematics!

Previously, businesses engaging in R&D with a strong mathematical focus experienced higher chances of HMRC enquiries or claim dismissal.

This development is especially advantageous for industries heavily invested in research and development, such as Robotics & Artificial Intelligence.

Find out more here 👇
https://www.zest.tax/spring-statement-2023/

19/07/2023

"Can I still claim R&D Tax Credits if my project doesn't succeed?"

Absolutely! Conducting innovative research always involves some level of risk. Even if your project didn't yield the desired results, you can still claim R&D Tax Credits for your valuable efforts.

To learn more about R&D Tax Credits visit 👇
www.zest.tax/

12/07/2023

What do you do when a HMRC compliance check comes your way?

As HMRC strengthens its compliance measures for R&D tax credit claims, understanding the process of HMRC enquiries, also known as compliance checks, is crucial for businesses relying on the R&D scheme.

In our latest blog we cover HMRC enquiries for R&D tax credit claims. Learn what triggers an enquiry, best practices for handling them, and tips to avoid getting an enquiry.

Find out more here 👇

Understand HMRC enquiries and compliance checks for R&D tax credit claims. Learn what triggers an enquiry and how to avoid getting an enquiry.

05/07/2023

Did you know that these costs are eligible for R&D tax credits? 💡

✔ Staff costs
✔ Software and consumables specifically for the project
✔ Utilities (water, fuel, and power)
✔ Externally provided workers
✔ Material Costs
✔ Clinical trial volunteers
✔ Prototypes and expenses related to manufacturing trials

Identifying the eligibility for R&D tax incentives can help with planning future projects.

Find out more about what costs are eligible here 👇

If you want to make an R&D Tax Credit claim, you'll need to know what your claimable costs are, before you find out how much you'll get back.