What is a ‘competent professional’?

Many people have heard the phrase ‘competent professional’ but they don’t know what it means.

A ‘competent professional’ is someone in your Company who has a successful track record, notable experience and skills or qualifications in your relevant area of science or technology. For software projects, this may be a developer; or, in a manufacturing business, it might be an engineer.

The degree of skill and knowledge demonstrated by the ‘competent professional’ must be within the particular field the company operates in.

It is likely that the ‘competent professional’ will be involved in the detail of the R&D claim and HMRC might even need to speak to them.  This is nothing to fear or be nervous about as Innovation in Life will work with you every step of the way to make sure you are fully briefed on what is required.  

Don’t let this deter you from submitting a R&D Tax Credit/Refund Claim.  Innovation in Life will take care of everything from the moment you engage with us.  All that is required is a no-obligation 15-minute conversation, so we can highlight areas of qualifying activity and the potential value of your claim.

Give us a call today, we would love to have a chat about how we can help.

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