Creating growth through innovation

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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."

“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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Sectors we help innovate

Successful claims across all sectors

Questions

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

How long does it take HMRC to review a R&D Tax Credit/Refund claim?
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HMRC aims to process Research and Development (R&D) Tax Credit/Refund claims for SMEs within 28 days. However, the length of time it takes for HMRC to review an R&D Tax Credit/Refund claim will depend on the complexity of your structure and accounts, as well as the nature of the claim itself. It may also depend on what time of year your claim is submitted

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

Do employee expenses such as travel and subsistence costs qualify for R&D?
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Some types of reimbursed expenses can be included in Research and Development (R&D) Tax Credit/Refund claims. A company may reimburse expenses incurred initially by an employee, and such reimbursement may constitute qualifying staffing costs.

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

When will I receive my claim?
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HMRC aim to make payment in 28 days

What are the costs?
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Innovation in Life won’t charge you unless your claim is successful, so there is no risk to you or your company. Our fee is a percentage of the refund you receive and includes the full service provided, there are no hidden extras. We will only charge you for this once you have received your refund.

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

What are you waiting for? It’s time to get started

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