Procedure for claiming research and development tax credit

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Procedure for claiming RD TAX CREDIT
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RD tax benefits are given by HMRC, UK for
companies who involve in successful innovative
research and development. Companies should follow
a procedure designed by the HMRC to obtain RD
benefits.
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• Understand the RD process in your company and
  identify the project that has resolved scientific
  and technological uncertainties.

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• Create a document in Laymans terms explaining
  the scientific advancements and process involved
  in making the advancement.

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• Calculate the expenditure in your RD department
  covering labor, materials and consumables
  invested in making the innovation possible.

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• Provide all the cost details and be prepared to
  answer any queries asked by the HMRC regarding
  qualification or cost.

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Are you looking for proper guidance and
support to approach for RD tax credits?

• Contact 0203 393 0656
• E-mail Info_at_randtax.co.uk
• Website www.randdtax.co.uk